Mirador Capital Partners LP Decreases Stake in Las Vegas Sands Corp. (NYSE:LVS)

Mirador Capital Partners LP trimmed its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 11.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,164 shares of the casino operator’s stock after selling 1,330 shares during the period. Mirador Capital Partners LP’s holdings in Las Vegas Sands were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LVS. The Manufacturers Life Insurance Company increased its holdings in shares of 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 acquiring an additional 5,039,072 shares during the last quarter. Vanguard Group Inc. raised 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 worth $1,815,760,000 after purchasing an additional 4,264,043 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Las Vegas Sands by 58.6% during the 1st quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock worth $275,559,000 after buying an additional 1,968,941 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after buying an additional 1,536,754 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at $73,815,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LVS shares. Susquehanna reduced their price target on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. UBS Group lowered Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their price target for the stock from $70.00 to $49.00 in a research report on Friday, August 23rd. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Wells Fargo & Company lifted their target price 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 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.83.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $52.58 on Friday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The company has a 50-day moving average price of $41.59 and a 200 day moving average price of $44.39. The company has a market cap of $39.17 billion, a P/E ratio of 25.40, a PEG ratio of 1.20 and a beta of 1.12. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Research analysts predict that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.52%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Las Vegas Sands 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.