Sheaff Brock Investment Advisors LLC Sells 5,550 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Sheaff Brock Investment Advisors LLC decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 20.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,465 shares of the casino operator’s stock after selling 5,550 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Las Vegas Sands Corp. were worth $1,371,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LVS. State of Alaska Department of Revenue acquired a new position in Las Vegas Sands Corp. in the 1st quarter valued at $119,000. Empire Life Investments Inc. grew its stake in shares of Las Vegas Sands Corp. by 23.1% during the 1st quarter. Empire Life Investments Inc. now owns 56,634 shares of the casino operator’s stock worth $2,810,000 after purchasing an additional 10,629 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Las Vegas Sands Corp. by 28,398.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 25,079 shares of the casino operator’s stock worth $1,431,000 after purchasing an additional 24,991 shares during the period. AMG National Trust Bank grew its stake in shares of Las Vegas Sands Corp. by 43.3% during the 1st quarter. AMG National Trust Bank now owns 81,701 shares of the casino operator’s stock worth $4,662,000 after purchasing an additional 24,684 shares during the period. Finally, Henderson Group PLC grew its stake in shares of Las Vegas Sands Corp. by 0.8% during the 1st quarter. Henderson Group PLC now owns 1,145,571 shares of the casino operator’s stock worth $65,366,000 after purchasing an additional 9,189 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

A number of research firms have recently weighed in on LVS. Instinet reaffirmed a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, June 27th. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 target price on the stock. in a report on Monday, June 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Las Vegas Sands Corp. currently has an average rating of “Buy” and a consensus target price of $63.10.

Shares of Las Vegas Sands Corp. (NYSE LVS) traded down 0.209% during trading on Wednesday, reaching $64.345. The company had a trading volume of 764,743 shares. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $66.22. The stock has a 50 day moving average price of $61.34 and a 200 day moving average price of $59.63. The firm has a market capitalization of $50.96 billion, a PE ratio of 25.037 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the company earned $0.52 EPS. The company’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a $0.73 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.53%. Las Vegas Sands Corp.’s payout ratio is 113.18%.

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Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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

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