Brown Advisory Inc. Has $299,000 Stake in Las Vegas Sands Corp. (LVS)

Brown Advisory Inc. trimmed its stake in Las Vegas Sands Corp. (NYSE:LVS) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,648 shares of the casino operator’s stock after selling 802 shares during the period. Brown Advisory Inc.’s holdings in Las Vegas Sands were worth $299,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LVS. Global X Management Co. LLC lifted its stake in shares of Las Vegas Sands by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the last quarter. Ffcm LLC lifted its stake in shares of Las Vegas Sands by 90.9% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after acquiring an additional 1,160 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $200,000. Birinyi Associates Inc. bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth approximately $201,000. Finally, First Mercantile Trust Co. lifted its stake in shares of Las Vegas Sands by 16.8% during the 2nd quarter. First Mercantile Trust Co. now owns 3,178 shares of the casino operator’s stock worth $203,000 after acquiring an additional 457 shares during the last quarter. 37.47% of the stock is owned by institutional investors and hedge funds.

In related news, Director George Jamieson purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the acquisition, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.10% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands in a research note on Sunday, September 3rd. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, November 8th. Barclays raised their price target on Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 7th. Deutsche Bank raised their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Nomura raised their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $65.77.

Las Vegas Sands Corp. (NYSE:LVS) traded down $0.99 on Wednesday, reaching $70.08. The company’s stock had a trading volume of 2,105,600 shares, compared to its average volume of 3,245,065. The stock has a market cap of $56,179.41, a P/E ratio of 25.57 and a beta of 1.80. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $71.42. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a $0.73 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.17%. Las Vegas Sands’s dividend payout ratio is presently 110.19%.

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Las Vegas Sands 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 (NYSE:LVS)

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