Bridgewater Associates LP Has $17.96 Million Position in Las Vegas Sands Corp. (NYSE:LVS)

Bridgewater Associates LP grew its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 33.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,761 shares of the casino operator’s stock after purchasing an additional 90,285 shares during the quarter. Bridgewater Associates LP’s holdings in Las Vegas Sands were worth $17,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings 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 buying an additional 437,603 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Las Vegas Sands by 97.2% during the third quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock worth $4,518,000 after acquiring an additional 44,223 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Las Vegas Sands in the second quarter worth $619,000. Clearbridge Investments LLC increased its stake in Las Vegas Sands by 29.9% in the second 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. Finally, Principal Financial Group Inc. raised its holdings in shares of Las Vegas Sands by 33.3% during the third 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 during the period. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Mizuho increased their target price on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Susquehanna boosted 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. Finally, Morgan Stanley raised their price objective 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands Stock Up 1.0 %

Las Vegas Sands stock opened at $51.43 on Thursday. The firm has a 50 day simple moving average of $50.36 and a 200 day simple moving average of $44.94. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The firm has a market capitalization of $37.29 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.35 and a beta of 1.11.

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

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

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.