HighTower Advisors LLC Has $1.57 Million Stake in Las Vegas Sands Corp. $LVS

HighTower Advisors LLC reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 50.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,974 shares of the casino operator's stock after selling 34,360 shares during the quarter. HighTower Advisors LLC's holdings in Las Vegas Sands were worth $1,569,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LVS. Swiss Life Asset Management Ltd grew its holdings in Las Vegas Sands by 116.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator's stock worth $9,646,000 after purchasing an additional 79,641 shares during the period. Crossmark Global Holdings Inc. raised its stake in Las Vegas Sands by 411.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator's stock valued at $2,877,000 after buying an additional 35,566 shares during the period. Wealthfront Advisers LLC lifted its position in shares of Las Vegas Sands by 40.6% in the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator's stock valued at $4,390,000 after buying an additional 19,488 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Las Vegas Sands by 74.2% in the first quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator's stock valued at $82,395,000 after buying an additional 651,214 shares during the last quarter. Finally, Fieldview Capital Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $4,561,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analyst Weigh In

LVS has been the topic of a number of research analyst reports. Mizuho dropped their price target on Las Vegas Sands from $67.00 to $61.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Barclays decreased their price objective on shares of Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Citigroup cut their target price on shares of Las Vegas Sands from $78.50 to $73.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Morgan Stanley decreased their price target on shares of Las Vegas Sands from $68.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $64.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $61.88.

Las Vegas Sands Stock Up 1.0%

LVS stock opened at $46.21 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.14 and a beta of 0.85. The business's fifty day moving average price is $47.17 and its two-hundred day moving average price is $51.80.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm posted $0.66 EPS. The company's revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.6%. Las Vegas Sands's payout ratio is 46.69%.

About Las Vegas Sands

Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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