Tidal Investments LLC Has $2.69 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Tidal Investments LLC cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 34.2% in the third quarter, HoldingsChannel reports. The fund owned 53,477 shares of the casino operator’s stock after selling 27,846 shares during the quarter. Tidal Investments LLC’s holdings in Las Vegas Sands were worth $2,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Las Vegas Sands in the third quarter worth approximately $26,000. CVA Family Office LLC increased 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 during the period. Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands in the 3rd quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares during the period. Finally, GAMMA Investing LLC boosted 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 buying an additional 243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.1 %

Las Vegas Sands stock opened at $53.87 on Monday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The firm has a fifty day moving average price of $51.85 and a two-hundred day moving average price of $45.63. The firm has a market cap of $39.06 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.44 and a beta of 1.10.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data 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 business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. Las Vegas Sands’s dividend payout ratio is 39.60%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LVS. UBS Group increased their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho boosted their price target on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised 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 report on Tuesday, October 1st. Finally, Barclays boosted 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 report on Friday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.42.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,732 shares of company stock worth $10,861,707. Insiders own 0.91% of the company’s stock.

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.