Las Vegas Sands Corp. (LVS) Position Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 318.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,185 shares of the casino operator’s stock after purchasing an additional 22,211 shares during the period. Las Vegas Sands Corp. comprises about 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 23rd largest holding. Dynamic Technology Lab Private Ltd’s holdings in Las Vegas Sands Corp. were worth $1,872,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Global X Management Co. LLC increased its stake in shares of Las Vegas Sands Corp. by 8.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 126 shares in the last quarter. Ffcm LLC increased its stake in shares of Las Vegas Sands Corp. by 90.9% in the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after purchasing an additional 1,160 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Las Vegas Sands Corp. by 24.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after purchasing an additional 510 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Las Vegas Sands Corp. by 143.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Lee Financial Co increased its stake in shares of Las Vegas Sands Corp. by 1.4% in the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 38.24% of the company’s stock.

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In other Las Vegas Sands Corp. news, Director George Jamieson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the acquisition, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.10% of the company’s stock.

Several equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Zacks Investment Research upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Friday, October 13th. Deutsche Bank AG reiterated a “hold” rating and issued a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Roth Capital assumed coverage on Las Vegas Sands Corp. in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective on the stock. Finally, Nomura lifted their price objective on Las Vegas Sands Corp. from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Las Vegas Sands Corp. has a consensus rating of “Buy” and a consensus target price of $65.31.

Las Vegas Sands Corp. (LVS) traded down $0.18 on Friday, reaching $66.50. The company had a trading volume of 1,478,732 shares, compared to its average volume of 3,194,100. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $68.41. The firm has a market capitalization of $52,566.92, a PE ratio of 23.92 and a beta of 1.78. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. equities analysts predict that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 110.19%.

Las Vegas Sands Corp. Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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