Victory Capital Management Inc. Increases Stake in Las Vegas Sands Corp. (NYSE:LVS)

Victory Capital Management Inc. increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.9% during the third quarter, HoldingsChannel reports. The firm owned 159,301 shares of the casino operator’s stock after buying an additional 8,896 shares during the period. Victory Capital Management Inc.’s holdings in Las Vegas Sands were worth $8,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC raised its position in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the last quarter. Bank & Trust Co bought a new stake in Las Vegas Sands during the second quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands in the third quarter valued at $34,000. Capital Performance Advisors LLP bought a new stake in Las Vegas Sands in the third quarter worth about $43,000. Finally, GAMMA Investing LLC lifted its stake in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

LVS has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays raised their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Macquarie dropped their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Susquehanna increased their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Finally, Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the transaction, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Las Vegas Sands Stock Performance

NYSE LVS opened at $50.12 on Friday. The stock has a market capitalization of $36.34 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.30 and a beta of 1.11. The business’s 50 day moving average is $49.53 and its two-hundred day moving average is $44.84. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company earned $0.55 EPS. The company’s revenue was down 4.0% on a year-over-year basis. Research analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is 39.60%.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.