Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 74.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,086 shares of the casino operator’s stock after acquiring an additional 5,604 shares during the quarter. Atria Investments Inc’s holdings in Las Vegas Sands were worth $659,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. CVA Family Office LLC boosted its holdings in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares during the period. Bank & Trust Co acquired a new position in Las Vegas Sands during the 2nd quarter valued at about $29,000. Capital Performance Advisors LLP bought a new position in Las Vegas Sands in the 3rd quarter worth about $43,000. GAMMA Investing LLC increased its stake in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Finally, Vestor Capital LLC bought a new stake in shares of Las Vegas Sands during the third quarter valued at approximately $43,000. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective 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 15th. Barclays raised their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction on Tuesday, October 29th. The stock was 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 in the company, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $49.19 on Wednesday. The company has a market capitalization of $35.66 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a fifty day moving average of $49.10 and a 200-day moving average of $44.77. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS 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 net margin of 13.29% and a return on equity of 44.26%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal 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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

About Las Vegas Sands

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.