B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 11,424 Las Vegas Sands Corp. (NYSE:LVS)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,424 shares of the casino operator’s stock, valued at approximately $575,000.

A number of other hedge funds have also made changes to their positions in LVS. The Manufacturers Life Insurance Company boosted its holdings in Las Vegas Sands by 987.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after purchasing an additional 5,039,072 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Las Vegas Sands by 58.6% during the 1st quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock worth $275,559,000 after buying an additional 1,968,941 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after buying an additional 1,536,754 shares in the last quarter. Charles Lim Capital Ltd grew its position in shares of Las Vegas Sands by 178.3% in the 2nd quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock valued at $70,800,000 after buying an additional 1,025,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Las Vegas Sands by 44.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator’s stock worth $130,523,000 after acquiring an additional 903,400 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LVS shares. JPMorgan Chase & Co. raised their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley raised their price target on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group lifted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Susquehanna increased their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. 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, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Las Vegas Sands Stock Up 0.0 %

Shares of NYSE:LVS opened at $50.08 on Monday. The company has a market cap of $36.31 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.32 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 firm’s 50-day simple moving average is $49.73 and its 200-day simple moving average is $44.84. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates 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 for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, equities research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. Las Vegas Sands’s 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.