Assetmark Inc. Acquires 10,186 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Assetmark Inc. raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 130,519 shares of the casino operator’s stock after purchasing an additional 10,186 shares during the period. Assetmark Inc.’s holdings in Las Vegas Sands were worth $6,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 worth $28,000 after acquiring an additional 304 shares during the last quarter. Bank & Trust Co acquired a new stake in Las Vegas Sands during the 2nd quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. Finally, Vestor Capital LLC bought a new stake in shares of Las Vegas Sands in the 3rd quarter valued at $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Las Vegas Sands Stock Up 0.5 %

Las Vegas Sands stock opened at $50.64 on Tuesday. The firm has a market capitalization of $36.72 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. The firm’s fifty day moving average price is $47.75 and its two-hundred day moving average price is $44.59. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year 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 released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the firm posted $0.55 EPS. Las Vegas Sands’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LVS shares. Macquarie dropped their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Susquehanna boosted their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Barclays boosted their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.