37,729 Las Vegas Sands Corp. $LVS Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Las Vegas Sands position by 15.8%, selling 37,729 shares and retaining 200,551 shares valued at approximately $7.6 million. Institutional investors own 39.16% of the company.
• Las Vegas Sands reported weaker-than-expected third-quarter results, with EPS of $0.54 versus a $0.68 consensus and revenue of $3.22 billion versus $3.33 billion expected; revenue declined 3.5% year over year.
• The stock traded near its 12-month low at $35.64, while analysts maintained a “Moderate Buy” consensus with an average price target of $53.28. The company also declared a quarterly dividend of $0.30 per share, yielding about 3.4% annually.

Robeco Institutional Asset Management B.V. decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,551 shares of the casino operator's stock after selling 37,729 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Las Vegas Sands were worth $7,583,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC raised its position in shares of Las Vegas Sands by 11.5% during the third quarter. CWA Asset Management Group LLC now owns 98,918 shares of the casino operator's stock worth $3,740,000 after acquiring an additional 10,188 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of Las Vegas Sands during the third quarter valued at $489,000. Howard Capital Management LLC bought a new position in Las Vegas Sands in the third quarter valued at about $5,391,000. V Square Quantitative Management LLC boosted its holdings in Las Vegas Sands by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 9,133 shares of the casino operator's stock valued at $345,000 after acquiring an additional 3,123 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Las Vegas Sands by 0.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,774,781 shares of the casino operator's stock worth $67,104,000 after purchasing an additional 13,580 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 2.4%

NYSE:LVS opened at $35.64 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. Las Vegas Sands Corp. has a 12-month low of $35.03 and a 12-month high of $70.45. The stock's fifty day simple moving average is $40.84 and its 200-day simple moving average is $46.65. The firm has a market capitalization of $23.08 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.96 and a beta of 0.78.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The casino operator reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.14). Las Vegas Sands had a net margin of 11.85% and a return on equity of 129.62%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts expect that Las Vegas Sands Corp. will post 2.90 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. Stockholders of record on Monday, November 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, November 2nd. Las Vegas Sands's payout ratio is presently 49.18%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen cut Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Citigroup began coverage on shares of Las Vegas Sands in a research note on Monday, October 12th. They issued a "buy" rating and a $71.50 target price on the stock. The Goldman Sachs Group set a $41.00 target price on shares of Las Vegas Sands in a research note on Thursday. Jefferies Financial Group lowered their price target on shares of Las Vegas Sands from $40.00 to $37.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of Las Vegas Sands from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $53.28.

Key Stories Impacting Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: The board raised its 2027 dividend by 20%, while the company continues returning capital through repurchases. Buybacks have reduced the share count by roughly 19% over the past 12 quarters. LVS 3Q net income dips 27pct y-o-y, board ups 2027 dividend by 20pct
• Positive Sentiment: Las Vegas Sands reported that its Macao mass-gaming market share reached 26.1%, supporting the company’s strategy of investing further in Macao. Its stake in Sands China has risen above 75.5%. Las Vegas Sands: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management characterized the quarter as potentially “aberrational” and remained upbeat about the longer-term outlook, including recovery potential in high-end play and continued global demand. LVS chairman Dumont calls 3Q aberrational
• Neutral Sentiment: Analyst sentiment is mixed. Mizuho kept an “outperform” rating despite cutting its price target to $54, while Bank of America lowered its target to $45 and maintained “neutral.” Jefferies reduced its target to $37 and kept a “hold” rating. BofA Securities Adjusts Las Vegas Sands Price Target
• Negative Sentiment: Third-quarter revenue was $3.22 billion, below the $3.33 billion FactSet consensus, while adjusted earnings of $0.54 per share missed estimates near $0.68–$0.71. Revenue declined 3.5% year over year. LVS Earnings Flash
• Negative Sentiment: Net income fell 27% year over year as soft premium gaming in Macao and Singapore, along with higher costs, pressured profitability. JPMorgan also reduced its fourth-quarter forecasts, citing uncertainty around a high-end recovery. LVS Q3 Earnings and Revenues Miss

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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