New York State Teachers Retirement System lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 298,518 shares of the casino operator's stock after selling 10,083 shares during the quarter. New York State Teachers Retirement System's holdings in Las Vegas Sands were worth $15,027,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of LVS. CVA Family Office LLC increased its position in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock valued at $28,000 after purchasing an additional 304 shares during the last quarter. Bank & Trust Co bought a new position in shares of Las Vegas Sands during the 2nd quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. increased its position 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 purchasing an additional 437 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands during the 1st quarter valued at $43,000. Finally, GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 243 shares during the period. Institutional investors own 39.16% of the company's stock.
LVS opened at $51.73 on Friday. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The business's fifty day simple moving average is $46.61 and its 200-day simple moving average is $44.46. The company has a market capitalization of $37.51 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.36 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 1.57 and a debt-to-equity ratio of 3.09.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business earned $0.55 EPS. Las Vegas Sands's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 4th. Las Vegas Sands's payout ratio is currently 39.60%.
In related news, CEO Robert G. Goldstein sold 119,221 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the sale, the chief executive officer now owns 84,511 shares of the company's stock, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by corporate insiders.
A number of equities analysts recently issued reports on LVS shares. StockNews.com cut Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. UBS Group cut Las Vegas Sands from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $70.00 to $49.00 in a report on Friday, August 23rd. Susquehanna boosted their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.92.
Check Out Our Latest Research Report on LVS
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.
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