Las Vegas Sands Corp. $LVS Holdings Raised by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 23.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,257 shares of the casino operator’s stock after buying an additional 27,140 shares during the period. Osaic Holdings Inc.’s holdings in Las Vegas Sands were worth $6,298,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Maple Rock Capital Partners Inc. raised its position in shares of Las Vegas Sands by 124.4% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator’s stock worth $43,679,000 after purchasing an additional 556,440 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Las Vegas Sands by 7.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock valued at $28,033,000 after purchasing an additional 42,598 shares during the period. Jump Financial LLC raised its holdings in Las Vegas Sands by 560.4% during the 1st quarter. Jump Financial LLC now owns 70,685 shares of the casino operator’s stock worth $2,731,000 after buying an additional 59,982 shares during the period. Intech Investment Management LLC acquired a new stake in Las Vegas Sands during the 2nd quarter worth about $1,254,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Las Vegas Sands during the second quarter valued at about $908,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LVS shares. Stifel Nicolaus lifted their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. UBS Group boosted their target price on shares of Las Vegas Sands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Monday, December 15th. Citigroup lifted their price target on Las Vegas Sands from $75.50 to $76.75 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Seaport Global Securities increased their price objective on Las Vegas Sands from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.52.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $66.92 on Tuesday. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $70.45. The stock’s 50-day moving average is $62.56 and its two-hundred day moving average is $54.80. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market cap of $45.25 billion, a P/E ratio of 30.28, a PEG ratio of 1.82 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating the consensus estimate of $0.62 by $0.16. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. Analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Patrick Dumont sold 210,305 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $69.96, for a total value of $14,712,937.80. Following the sale, the chief operating officer owned 446,608 shares of the company’s stock, valued at approximately $31,244,695.68. This trade represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,182,053 shares of company stock worth $333,348,399 in the last 90 days. 1.20% of the stock is owned by insiders.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.