Blue Rock Advisors LLC Has $962,000 Stake in Las Vegas Sands Corp. (LVS)

Blue Rock Advisors LLC reduced its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 60.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the casino operator’s stock after selling 23,000 shares during the quarter. Blue Rock Advisors LLC’s holdings in Las Vegas Sands Corp. were worth $962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. ARGA Investment Management LP grew its holdings in shares of Las Vegas Sands Corp. by 110.7% during the second quarter. ARGA Investment Management LP now owns 45,300 shares of the casino operator’s stock valued at $2,894,000 after buying an additional 23,800 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Las Vegas Sands Corp. by 5.1% during the second quarter. Oppenheimer & Co. Inc. now owns 75,993 shares of the casino operator’s stock valued at $4,855,000 after buying an additional 3,664 shares during the last quarter. Csenge Advisory Group acquired a new position in shares of Las Vegas Sands Corp. during the third quarter valued at about $504,000. Investec Asset Management LTD grew its holdings in shares of Las Vegas Sands Corp. by 38.5% during the second quarter. Investec Asset Management LTD now owns 1,800,200 shares of the casino operator’s stock valued at $115,015,000 after buying an additional 500,619 shares during the last quarter. Finally, Monetta Financial Services Inc. acquired a new position in shares of Las Vegas Sands Corp. during the second quarter valued at about $1,278,000. Hedge funds and other institutional investors own 37.79% of the company’s stock.

Shares of Las Vegas Sands Corp. (LVS) traded up $0.71 during mid-day trading on Monday, reaching $67.21. 807,293 shares of the company’s stock traded hands, compared to its average volume of 3,296,998. The company has a market capitalization of $52,570.00, a price-to-earnings ratio of 23.92 and a beta of 1.78. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. Las Vegas Sands Corp. has a twelve month low of $51.35 and a twelve month high of $68.41.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. Las Vegas Sands Corp. had a net margin of 21.41% and a return on equity of 38.69%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. analysts expect that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 110.19%.

LVS has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Friday, October 13th. Deutsche Bank AG reiterated a “hold” rating and set 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 initiated coverage on shares of Las Vegas Sands Corp. in a report on Wednesday, October 25th. They set a “buy” rating and a $69.00 price objective for the company. Finally, Nomura lifted their price objective on shares of Las Vegas Sands Corp. from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Las Vegas Sands Corp. has an average rating of “Buy” and a consensus price target of $65.31.

In other Las Vegas Sands Corp. news, Director George Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.10% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://sportsperspectives.com/2017/11/20/blue-rock-advisors-llc-has-962000-stake-in-las-vegas-sands-corp-lvs.html.

Las Vegas Sands Corp. Company 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)

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply