Pathstone Holdings LLC Acquires 573 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Pathstone Holdings LLC raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,187 shares of the casino operator’s stock after acquiring an additional 573 shares during the period. Pathstone Holdings LLC’s holdings in Las Vegas Sands were worth $1,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC grew its position in 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 acquiring an additional 304 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of Las Vegas Sands during the second quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands during the third quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now owns 84,511 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LVS shares. Mizuho increased their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley increased their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group increased their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Barclays raised their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Stock Up 1.0 %

LVS stock opened at $51.43 on Thursday. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The stock has a market cap of $37.29 billion, a P/E ratio of 25.46, a PEG ratio of 1.35 and a beta of 1.11. The business’s 50-day moving average price is $50.36 and its 200-day moving average price is $44.94.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS 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 during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

About Las Vegas Sands

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.