Nisa Investment Advisors LLC Sells 5,594 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Nisa Investment Advisors LLC trimmed its stake in Las Vegas Sands Corp. (NYSE:LVS) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,840 shares of the casino operator’s stock after selling 5,594 shares during the period. Nisa Investment Advisors LLC’s holdings in Las Vegas Sands were worth $948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LVS. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Las Vegas Sands by 1.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 837,030 shares of the casino operator’s stock worth $43,274,000 after buying an additional 14,723 shares during the last quarter. Norden Group LLC purchased a new stake in Las Vegas Sands during the first quarter valued at about $928,000. Janney Montgomery Scott LLC lifted its stake in Las Vegas Sands by 49.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,317 shares of the casino operator’s stock worth $1,102,000 after purchasing an additional 7,099 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Las Vegas Sands by 17.1% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,772 shares of the casino operator’s stock worth $660,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands during the 1st quarter valued at about $43,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LVS has been the subject of a number of recent research reports. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Susquehanna boosted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Morgan Stanley boosted their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Barclays raised their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.92.

Las Vegas Sands Trading Down 0.2 %

NYSE LVS opened at $51.73 on Monday. The stock has a market cap of $37.51 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.11. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The stock has a 50 day simple moving average of $46.61 and a two-hundred day simple moving average of $44.42. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.57 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last announced 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). The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, analysts forecast that Las Vegas Sands Corp. will post 2.35 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Monday, November 4th. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Las Vegas Sands 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.