Mirador Capital Partners LP Sells 303 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Mirador Capital Partners LP lowered its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,450 shares of the casino operator’s stock after selling 303 shares during the quarter. Mirador Capital Partners LP’s holdings in Las Vegas Sands were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LVS. Norges Bank bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $266,538,000. Vanguard Group Inc. lifted its holdings in Las Vegas Sands by 13.1% during the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after purchasing an additional 4,264,043 shares in the last quarter. ARGA Investment Management LP boosted its position in shares of Las Vegas Sands by 214.5% in the fourth quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock worth $153,071,000 after purchasing an additional 2,121,546 shares during the period. Ghisallo Capital Management LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $73,815,000. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter worth $45,752,000. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Morgan Stanley increased their target price on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Barclays cut their price objective on shares of Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, June 7th. Finally, Jefferies Financial Group lowered their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.31.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $42.88 on Tuesday. The company’s 50-day moving average price is $45.24 and its 200-day moving average price is $48.99. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. The company has a market cap of $31.95 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. Las Vegas Sands Corp. has a twelve month low of $42.72 and a twelve month high of $61.25.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.69 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

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.