iA Global Asset Management Inc. Sells 18,118 Shares of Las Vegas Sands Corp. (NYSE:LVS)

iA Global Asset Management Inc. decreased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 46.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 20,588 shares of the casino operator’s stock after selling 18,118 shares during the quarter. iA Global Asset Management Inc.’s holdings in Las Vegas Sands were worth $1,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LVS. CVA Family Office LLC grew its stake in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Las Vegas Sands in the 3rd quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in Las Vegas Sands during the third quarter worth $43,000. GAMMA Investing LLC raised its position in Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares in the last quarter. Finally, Vestor Capital LLC acquired a new stake in Las Vegas Sands in the third quarter valued at $43,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $55.17 on Tuesday. 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 stock has a market capitalization of $40.00 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.60. The company has a 50-day simple moving average of $51.67 and a two-hundred day simple moving average of $45.36.

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

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This represents a 58.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,732 shares of company stock worth $10,861,707. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LVS shares. Mizuho boosted their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. UBS Group boosted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Wells Fargo & Company raised their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Barclays increased their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.