Quantinno Capital Management LP Acquires 2,730 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Quantinno Capital Management LP raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 39.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,569 shares of the casino operator’s stock after purchasing an additional 2,730 shares during the period. Quantinno Capital Management LP’s holdings in Las Vegas Sands were worth $482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC grew its stake in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the third quarter worth $34,000. Capital Performance Advisors LLP purchased a new position in shares of Las Vegas Sands in the third quarter valued at $43,000. GAMMA Investing LLC raised its stake in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Finally, Vestor Capital LLC purchased a new stake in Las Vegas Sands during the 3rd quarter worth about $43,000. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This trade represents a 28.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders have sold a total of 203,732 shares of company stock worth $10,861,707 in the last 90 days. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on LVS shares. UBS Group lifted their target price on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company boosted their price objective 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 1st. Barclays increased their target price on shares of Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho raised their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Morgan Stanley upped their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Las Vegas Sands Price Performance

LVS opened at $53.87 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $39.06 billion, a P/E ratio of 26.67, a PEG ratio of 1.44 and a beta of 1.10. The stock has a 50-day moving average price of $51.85 and a 200-day moving average price of $45.62. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. Equities analysts predict that Las Vegas Sands Corp. will post 2.33 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, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

About Las Vegas Sands

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.