Paradigm Asset Management Co. LLC Boosts Holdings in Las Vegas Sands Corp. $LVS

Paradigm Asset Management Co. LLC boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 80.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,600 shares of the casino operator’s stock after buying an additional 1,600 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Las Vegas Sands were worth $157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LVS. American Century Companies Inc. boosted its holdings in Las Vegas Sands by 69.3% in the 1st quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock worth $21,907,000 after buying an additional 232,091 shares during the period. Northern Trust Corp raised its holdings in Las Vegas Sands by 0.4% during the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock valued at $119,799,000 after acquiring an additional 12,593 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Las Vegas Sands in the first quarter valued at about $225,000. Everett Harris & Co. CA bought a new position in shares of Las Vegas Sands in the first quarter worth about $657,000. Finally, Jump Financial LLC grew its position in shares of Las Vegas Sands by 560.4% during the first quarter. Jump Financial LLC now owns 70,685 shares of the casino operator’s stock worth $2,731,000 after purchasing an additional 59,982 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 700,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $58.88, for a total transaction of $41,216,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 2,000,000 shares of company stock worth $119,719,200 over the last ninety days. 1.20% of the stock is owned by insiders.

Las Vegas Sands Stock Up 3.7%

Shares of NYSE LVS opened at $65.13 on Friday. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $65.55. The firm’s 50-day moving average price is $54.46 and its 200-day moving average price is $48.90. The stock has a market capitalization of $44.04 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.62 and a beta of 1.03.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping the consensus estimate of $0.62 by $0.16. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm’s revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th will be given a $0.25 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LVS shares. Bank of America upped their price target on Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Las Vegas Sands in a research note on Wednesday, October 8th. UBS Group raised their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average target price of $64.13.

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.