Robeco Institutional Asset Management B.V. Sells 188,391 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Robeco Institutional Asset Management B.V. cut its position in Las Vegas Sands Corp. (NYSE:LVS) by 48.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,505 shares of the casino operator’s stock after selling 188,391 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Las Vegas Sands were worth $13,910,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LVS. State Street Corp grew its stake in shares of Las Vegas Sands by 88.3% in the fourth quarter. State Street Corp now owns 14,406,033 shares of the casino operator’s stock valued at $994,593,000 after buying an additional 6,753,588 shares in the last quarter. Millennium Management LLC grew its stake in shares of Las Vegas Sands by 5,707.6% in the third quarter. Millennium Management LLC now owns 4,581,351 shares of the casino operator’s stock valued at $264,618,000 after buying an additional 4,502,466 shares in the last quarter. Boston Partners grew its stake in shares of Las Vegas Sands by 49.5% in the third quarter. Boston Partners now owns 9,061,417 shares of the casino operator’s stock valued at $523,742,000 after buying an additional 2,998,353 shares in the last quarter. BlackRock Inc. grew its stake in shares of Las Vegas Sands by 3.7% in the second quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock valued at $1,094,168,000 after buying an additional 664,769 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Las Vegas Sands by 3,126.4% in the fourth quarter. Principal Financial Group Inc. now owns 477,287 shares of the casino operator’s stock valued at $32,952,000 after buying an additional 462,494 shares in the last quarter. 38.26% of the stock is owned by institutional investors and hedge funds.

Shares of LVS traded down $1.24 during midday trading on Monday, reaching $68.07. 3,798,913 shares of the stock were exchanged, compared to its average volume of 5,718,737. Las Vegas Sands Corp. has a twelve month low of $51.17 and a twelve month high of $74.29. The company has a quick ratio of 1.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.91. The company has a market cap of $51.98 billion, a P/E ratio of 19.45, a PEG ratio of 7.71 and a beta of 1.61. The stock’s 50 day simple moving average is $69.41 and its 200 day simple moving average is $62.02.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.10. Las Vegas Sands had a return on equity of 38.61% and a net margin of 19.64%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, analysts predict that Las Vegas Sands Corp. will post 2.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.79 per share. The ex-dividend date is Tuesday, March 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.64%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.77. Las Vegas Sands’s dividend payout ratio (DPR) is currently 94.48%.

A number of equities analysts have commented on LVS shares. Roth Capital reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Thursday, October 24th. Nomura reaffirmed a “hold” rating and set a $55.00 price objective on shares of Las Vegas Sands in a research report on Thursday, January 30th. Bank of America raised shares of Las Vegas Sands from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $72.00 to $80.00 in a research report on Wednesday, February 12th. Deutsche Bank lifted their price objective on shares of Las Vegas Sands from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Morgan Stanley cut shares of Las Vegas Sands from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $65.00 to $72.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $67.92.

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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