237,501 Las Vegas Sands Corp. $LVS Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 18.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,026,850 shares of the casino operator's stock after selling 237,501 shares during the quarter. Las Vegas Sands accounts for approximately 1.0% of ARGA Investment Management LP's portfolio, making the stock its 21st largest position. ARGA Investment Management LP owned about 0.16% of Las Vegas Sands worth $38,825,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Las Vegas Sands in the 3rd quarter worth about $2,922,000. ProShare Advisors LLC lifted its position in Las Vegas Sands by 3.9% in the 3rd quarter. ProShare Advisors LLC now owns 63,555 shares of the casino operator's stock valued at $2,403,000 after acquiring an additional 2,385 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Las Vegas Sands by 9.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 422,600 shares of the casino operator's stock valued at $15,979,000 after acquiring an additional 38,000 shares in the last quarter. Everett Harris & Co. CA boosted its stake in Las Vegas Sands by 67.2% during the 3rd quarter. Everett Harris & Co. CA now owns 236,596 shares of the casino operator's stock valued at $8,946,000 after purchasing an additional 95,065 shares during the last quarter. Finally, BOKF NA boosted its stake in Las Vegas Sands by 37.1% during the 3rd quarter. BOKF NA now owns 68,868 shares of the casino operator's stock valued at $2,604,000 after purchasing an additional 18,644 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $38.24 on Wednesday. The stock has a 50 day moving average of $39.58 and a 200 day moving average of $48.82. The company has a market capitalization of $23.97 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.89 and a beta of 0.78. Las Vegas Sands Corp. has a 12 month low of $35.03 and a 12 month high of $70.45. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 15.27.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.14). Las Vegas Sands had a net margin of 11.85% and a return on equity of 177.43%. The business had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.86 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Monday, November 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, November 2nd. Las Vegas Sands's payout ratio is presently 49.18%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Seaport Research Partners decreased their price objective on Las Vegas Sands from $69.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Barclays dropped their target price on Las Vegas Sands from $57.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, October 22nd. Wolfe Research started coverage on Las Vegas Sands in a research report on Wednesday, September 2nd. They set a "peer perform" rating on the stock. Susquehanna set a $47.00 price target on Las Vegas Sands in a report on Thursday, October 22nd. Finally, Wall Street Zen downgraded Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.28.

Las Vegas Sands Profile

Las Vegas Sands Corp. NYSE: LVS is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands' principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.

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