Amalgamated Bank Has $4.30 Million Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Amalgamated Bank lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,371 shares of the casino operator’s stock after selling 3,442 shares during the period. Amalgamated Bank’s holdings in Las Vegas Sands were worth $4,300,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. grew its stake in Las Vegas Sands by 76.3% during the third quarter. Stratos Wealth Partners LTD. now owns 10,520 shares of the casino operator’s stock worth $482,000 after buying an additional 4,554 shares during the last quarter. Strs Ohio grew its stake in Las Vegas Sands by 2.7% during the third quarter. Strs Ohio now owns 114,033 shares of the casino operator’s stock worth $5,227,000 after buying an additional 2,991 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Las Vegas Sands by 2.1% during the third quarter. IFM Investors Pty Ltd now owns 67,605 shares of the casino operator’s stock worth $3,099,000 after buying an additional 1,390 shares during the last quarter. ING Groep NV bought a new stake in Las Vegas Sands during the third quarter worth about $1,892,000. Finally, Poplar Forest Capital LLC grew its stake in Las Vegas Sands by 16.1% during the third quarter. Poplar Forest Capital LLC now owns 504,903 shares of the casino operator’s stock worth $23,145,000 after buying an additional 70,075 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $46.77 on Thursday. The firm has a 50-day moving average of $50.07 and a 200-day moving average of $49.71. Las Vegas Sands Corp. has a one year low of $43.77 and a one year high of $63.51. The company has a market cap of $34.85 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.71%. Las Vegas Sands’s payout ratio is presently 38.65%.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on LVS. Morgan Stanley increased their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Mizuho decreased their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus reduced their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Barclays reduced their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company reduced their price objective on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.46.

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.