Easterly Investment Partners LLC Has $2.58 Million Stock Holdings in Las Vegas Sands Corp. $LVS

Easterly Investment Partners LLC decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 29.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,691 shares of the casino operator’s stock after selling 16,811 shares during the quarter. Easterly Investment Partners LLC’s holdings in Las Vegas Sands were worth $2,583,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LVS. Norges Bank acquired a new stake in Las Vegas Sands during the 4th quarter valued at $364,892,000. Arrowstreet Capital Limited Partnership lifted its holdings in Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after purchasing an additional 4,154,753 shares during the last quarter. M&T Bank Corp lifted its holdings in Las Vegas Sands by 33,102.6% during the 4th quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock valued at $197,463,000 after purchasing an additional 3,051,071 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Las Vegas Sands by 43.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock valued at $293,371,000 after purchasing an additional 1,660,823 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Las Vegas Sands by 64.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,819,128 shares of the casino operator’s stock valued at $151,641,000 after purchasing an additional 1,105,630 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Wells Fargo & Company reduced their target price on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. HSBC boosted their target price on shares of Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Citigroup boosted their target price on shares of Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Mizuho boosted their target price on shares of Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.28.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $50.46 on Monday. Las Vegas Sands Corp. has a 12-month low of $40.03 and a 12-month high of $70.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The business’s 50-day moving average price is $53.14 and its two-hundred day moving average price is $58.34. The stock has a market cap of $33.44 billion, a PE ratio of 18.69, a P/E/G ratio of 1.15 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer owned 511,942 shares in the company, valued at $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

Las Vegas Sands 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.