Las Vegas Sands Corp. (LVS) Shares Bought by Seven Eight Capital LP

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Seven Eight Capital LP grew its stake in Las Vegas Sands Corp. (NYSE:LVS) by 75.9% in the 3rd quarter, Holdings Channel reports. The firm owned 273,433 shares of the casino operator’s stock after purchasing an additional 118,000 shares during the period. Las Vegas Sands comprises approximately 1.0% of Seven Eight Capital LP’s holdings, making the stock its 6th largest position. Seven Eight Capital LP’s holdings in Las Vegas Sands were worth $16,223,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Las Vegas Sands by 20.5% in the 2nd quarter. BlackRock Inc. now owns 19,856,347 shares of the casino operator’s stock valued at $1,516,232,000 after purchasing an additional 3,371,432 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Las Vegas Sands by 9.4% in the 2nd quarter. Wells Fargo & Company MN now owns 4,549,810 shares of the casino operator’s stock valued at $347,424,000 after purchasing an additional 391,634 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Las Vegas Sands by 58.4% in the 2nd quarter. Schroder Investment Management Group now owns 3,132,036 shares of the casino operator’s stock valued at $236,844,000 after purchasing an additional 1,154,672 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Las Vegas Sands by 8.6% in the 2nd quarter. Northern Trust Corp now owns 2,776,337 shares of the casino operator’s stock valued at $212,002,000 after purchasing an additional 220,931 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Las Vegas Sands by 15.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,663,032 shares of the casino operator’s stock valued at $203,350,000 after purchasing an additional 362,869 shares during the last quarter. 38.54% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on LVS. Bank of America lowered Las Vegas Sands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $80.00 in a research note on Monday, July 2nd. Morgan Stanley raised their price target on Las Vegas Sands from $85.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 26th. Nomura decreased their price target on Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, July 9th. Stifel Nicolaus decreased their price target on Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Finally, ValuEngine lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Las Vegas Sands currently has a consensus rating of “Hold” and a consensus price target of $75.00.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the transaction, the executive vice president now directly owns 66,667 shares in the company, valued at approximately $4,063,353.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert G. Goldstein acquired 10,000 shares of Las Vegas Sands stock in a transaction on Tuesday, July 31st. The shares were purchased at an average price of $71.13 per share, for a total transaction of $711,300.00. Following the completion of the acquisition, the chief operating officer now directly owns 10,000 shares in the company, valued at $711,300. The disclosure for this purchase can be found here. Company insiders own 10.20% of the company’s stock.

Shares of LVS stock traded down $1.12 on Thursday, reaching $56.24. 118,195 shares of the company’s stock were exchanged, compared to its average volume of 3,829,648. Las Vegas Sands Corp. has a 52 week low of $55.05 and a 52 week high of $81.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.68 and a current ratio of 1.70. The firm has a market capitalization of $46.75 billion, a P/E ratio of 18.72 and a beta of 1.56.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 25th. The casino operator reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.06). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. Las Vegas Sands’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 3.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Wednesday, September 19th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, September 18th. This represents a $3.00 annualized dividend and a yield of 5.33%. Las Vegas Sands’s payout ratio is currently 98.68%.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

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

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