B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,424 shares of the casino operator’s stock, valued at approximately $575,000.

Several other large investors have also made changes to their positions in LVS. The Manufacturers Life Insurance Company lifted its stake in Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after buying an additional 5,039,072 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Las Vegas Sands by 58.6% in the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock valued at $275,559,000 after acquiring an additional 1,968,941 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Las Vegas Sands by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after acquiring an additional 1,536,754 shares during the last quarter. Charles Lim Capital Ltd increased its position in shares of Las Vegas Sands by 178.3% during the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock worth $70,800,000 after purchasing an additional 1,025,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Las Vegas Sands by 44.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator’s stock valued at $130,523,000 after purchasing an additional 903,400 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $50.08 on Monday. The business’s fifty day simple moving average is $49.73 and its 200-day simple moving average is $44.84. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm has a market cap of $36.31 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. Equities analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LVS. Wells Fargo & Company upped their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group boosted their target price on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Mizuho boosted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.