Pathstone Holdings LLC Purchases 573 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Pathstone Holdings LLC increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 35,187 shares of the casino operator’s stock after acquiring an additional 573 shares during the period. Pathstone Holdings LLC’s holdings in Las Vegas Sands were worth $1,771,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in shares of Las Vegas Sands by 7,647.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator’s stock worth $19,617,000 after acquiring an additional 437,603 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Las Vegas Sands during the 2nd quarter valued at approximately $619,000. Clearbridge Investments LLC increased its stake in Las Vegas Sands by 29.9% during the 2nd quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock valued at $36,882,000 after purchasing an additional 191,805 shares in the last quarter. Principal Financial Group Inc. increased its stake in Las Vegas Sands by 33.3% during the 3rd quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator’s stock valued at $27,590,000 after purchasing an additional 136,859 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Las Vegas Sands by 148.3% during the 1st quarter. Cetera Investment Advisers now owns 32,443 shares of the casino operator’s stock valued at $1,677,000 after purchasing an additional 19,376 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays upped their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Morgan Stanley upped their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $51.43 on Thursday. The company’s fifty day moving average price is $50.36 and its 200 day moving average price is $44.94. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The company has a market capitalization of $37.29 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.35 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the company posted $0.55 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

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.