Focus Partners Advisor Solutions LLC Boosts Position in Las Vegas Sands Corp. $LVS

Focus Partners Advisor Solutions LLC lifted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 51.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,884 shares of the casino operator’s stock after acquiring an additional 13,823 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Las Vegas Sands were worth $2,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Las Vegas Sands by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after acquiring an additional 2,418 shares during the period. Woodline Partners LP raised its holdings in shares of Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after acquiring an additional 8,132 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after acquiring an additional 1,027 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Las Vegas Sands during the 2nd quarter worth $414,000. Finally, Cerity Partners LLC raised its holdings in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after acquiring an additional 7,243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick Dumont sold 60,165 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the completion of the transaction, the chief executive officer directly owned 511,942 shares in the company, valued at $28,028,824.50. This trade represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LVS. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Barclays increased their price objective on Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Seaport Research Partners lowered their price objective on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings lowered Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group increased their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.91.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $50.80 on Thursday. The company’s 50 day simple moving average is $52.82 and its 200-day simple moving average is $57.55. The company has a market capitalization of $33.66 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. Las Vegas Sands Corp. has a 1 year low of $40.03 and a 1 year high of $70.45. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92.

Las Vegas Sands (NYSE:LVS) last released its quarterly 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. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a dividend of $0.30 per share. 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 dividend payout ratio (DPR) is 44.44%.

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.