We Are One Seven LLC Raises Position in Las Vegas Sands Corp. (NYSE:LVS)

We Are One Seven LLC increased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,452 shares of the casino operator’s stock after acquiring an additional 313 shares during the quarter. We Are One Seven LLC’s holdings in Las Vegas Sands were worth $488,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Manchester Financial Inc. acquired a new position in shares of Las Vegas Sands in the second quarter worth about $26,000. Manchester Capital Management LLC lifted its stake in shares of Las Vegas Sands by 164.8% in the second quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock worth $28,000 after acquiring an additional 300 shares in the last quarter. Lenox Wealth Advisors LLC lifted its stake in shares of Las Vegas Sands by 247.1% in the third quarter. Lenox Wealth Advisors LLC now owns 486 shares of the casino operator’s stock worth $28,000 after acquiring an additional 346 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Las Vegas Sands by 195.6% in the third quarter. Allworth Financial LP now owns 538 shares of the casino operator’s stock worth $31,000 after acquiring an additional 356 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Las Vegas Sands by 49.0% in the first quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 36.30% of the company’s stock.

In other news, General Counsel Kathleen Bender Patton sold 2,008 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $35.60, for a total transaction of $71,484.80. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $60.16, for a total value of $4,010,686.72. Following the transaction, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at $4,010,686.72. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on the company. Morgan Stanley cut their price objective on Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 17th. UBS Group cut their price objective on Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Standpoint Research assumed coverage on Las Vegas Sands in a research note on Wednesday, September 4th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $67.23.

NYSE:LVS opened at $57.58 on Friday. The firm has a market capitalization of $41.70 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 7.13 and a beta of 1.60. The stock has a 50 day moving average of $56.26 and a 200-day moving average of $59.83. Las Vegas Sands Corp. has a 52 week low of $47.39 and a 52 week high of $69.60. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.09). The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.39 billion. Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. As a group, analysts predict that Las Vegas Sands Corp. will post 3.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Tuesday, September 17th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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