Las Vegas Sands Corp. $LVS Shares Purchased by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas boosted its Las Vegas Sands stake by 328.5% in Q4, adding 272,401 shares to hold 355,322 shares valued at about $23.1 million (0.05% of the company).
• Las Vegas Sands reported a strong Q1 beat with $3.59B in revenue (up 25.3% YoY) and $0.91 EPS, and management disclosed $740M in share repurchases plus a $0.30 quarterly dividend.
• Despite the beat, the stock fell about 8.6% as investors fretted over Macau margin pressure and higher spending, and insider selling—including CEO Patrick Dumont's sale of 60,165 shares—added to cautious sentiment.

Teacher Retirement System of Texas increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 328.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 355,322 shares of the casino operator's stock after purchasing an additional 272,401 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of Las Vegas Sands worth $23,128,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator's stock valued at $1,207,000 after purchasing an additional 2,418 shares during the period. Woodline Partners LP grew its position in shares of Las Vegas Sands by 38.9% in the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator's stock valued at $1,122,000 after purchasing an additional 8,132 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Las Vegas Sands by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator's stock valued at $93,000 after purchasing an additional 1,027 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Las Vegas Sands in the second quarter valued at $414,000. Finally, Cerity Partners LLC grew its position in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator's stock valued at $766,000 after purchasing an additional 7,243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company's stock.

More Las Vegas Sands News

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

• Positive Sentiment: Q1 beat and solid top-line growth — LVS reported ~25% YoY revenue growth, EPS above estimates, consolidated adjusted property EBITDA up about 24.6%, and management disclosed $740M of share repurchases; these are supportive for earnings momentum and shareholder returns. PR Newswire: Q1 Results
• Positive Sentiment: Strong Marina Bay Sands performance — VIP/high-end gaming rebound in Singapore drove outsized revenue gains, helping offset Macao softness and boosting consolidated results. Yahoo: Marina Bay Sands Boosts Revenue
• Neutral Sentiment: Analyst reactions are mixed but mostly constructive — several firms raised price targets (Morgan Stanley, Stifel, Mizuho, HSBC) while a few trimmed theirs; the changes reflect differing views on Macau margin recovery vs. growth. These updates create varied near-term sentiment but don’t alter the underlying beat. MarketScreener: Analyst Moves
• Negative Sentiment: Macau margin pressure and near-term spending concerns — investors focused on a decline in adjusted property EBITDA margin Y/Y, management commentary about staffing/service investments and promotional intensity in Macau’s high-end segment, which could compress margins and offset revenue gains. This is the main driver of the stock decline. QuiverQuant: Margin Pressure Analysis
• Negative Sentiment: Insider and institutional activity raises caution — notable insider selling and large institutional portfolio shifts were flagged in reporting, which can weigh on sentiment even after a beat. QuiverQuant: Insider & Institutional Activity

Analyst Ratings Changes

LVS has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley lifted their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the company an "equal weight" rating in a research report on Thursday. Seaport Research Partners lowered their price target on Las Vegas Sands from $72.00 to $69.00 and set a "buy" rating for the company in a research report on Tuesday. Macquarie Infrastructure reissued an "outperform" rating and set a $70.00 price target on shares of Las Vegas Sands in a research report on Thursday, January 29th. Finally, HSBC boosted their price target on Las Vegas Sands from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $68.28.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares in the company, valued at $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by company insiders.

Las Vegas Sands Stock Down 8.6%

NYSE:LVS opened at $51.98 on Friday. The firm has a market capitalization of $34.50 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The stock has a 50 day moving average of $55.04 and a 200-day moving average of $58.91. Las Vegas Sands Corp. has a 52 week low of $34.36 and a 52 week high of $70.45. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 112.15%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business posted $0.59 EPS. Las Vegas Sands's revenue was up 25.3% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post 3.16 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, May 5th. Las Vegas Sands's dividend payout ratio is 51.28%.

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.

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.