Ranger International Management LP Reduces Stake in Las Vegas Sands Corp. (LVS)

Ranger International Management LP cut its position in Las Vegas Sands Corp. (NYSE:LVS) by 40.3% during the third quarter, Holdings Channel reports. The firm owned 64,940 shares of the casino operator’s stock after selling 43,870 shares during the period. Las Vegas Sands Corp. accounts for 3.7% of Ranger International Management LP’s investment portfolio, making the stock its 13th largest position. Ranger International Management LP’s holdings in Las Vegas Sands Corp. were worth $3,737,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LVS. Advisory Services Network LLC increased its stake in shares of Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock valued at $136,000 after buying an additional 205 shares during the last quarter. BKS Advisors LLC bought a new stake in shares of Las Vegas Sands Corp. during the third quarter valued at approximately $144,000. First Mercantile Trust Co. increased its stake in shares of Las Vegas Sands Corp. by 42.8% in the third quarter. First Mercantile Trust Co. now owns 2,886 shares of the casino operator’s stock valued at $166,000 after buying an additional 865 shares during the last quarter. Assetmark Inc. increased its stake in shares of Las Vegas Sands Corp. by 1.3% in the third quarter. Assetmark Inc. now owns 3,110 shares of the casino operator’s stock valued at $179,000 after buying an additional 41 shares during the last quarter. Finally, Bellwether Investment Group LLC bought a new stake in shares of Las Vegas Sands Corp. during the second quarter valued at approximately $186,000. Institutional investors own 39.66% of the company’s stock.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 52.74 on Friday. The company has a market cap of $41.92 billion, a P/E ratio of 25.11 and a beta of 1.91. Las Vegas Sands Corp. has a 52 week low of $41.45 and a 52 week high of $63.38. The firm’s 50-day moving average price is $54.16 and its 200 day moving average price is $55.81.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 25th. The casino operator reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by $0.04. The firm earned $3.08 billion during the quarter, compared to analyst estimates of $3.11 billion. Las Vegas Sands Corp. had a net margin of 14.64% and a return on equity of 23.75%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. On average, equities analysts predict that Las Vegas Sands Corp. will post $2.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 23rd will be issued a $0.73 dividend. This is a boost from Las Vegas Sands Corp.’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 21st. This represents a $2.92 annualized dividend and a yield of 5.54%. Las Vegas Sands Corp.’s dividend payout ratio is 137.14%.

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Several brokerages recently commented on LVS. Wells Fargo & Company reiterated a “market perform” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, January 25th. Citigroup Inc. reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, November 30th. Aegis began coverage on Las Vegas Sands Corp. in a report on Thursday, December 22nd. They set a “buy” rating and a $60.00 target price on the stock. Gabelli reiterated a “buy” rating and set a $65.00 target price on shares of Las Vegas Sands Corp. in a report on Monday, October 17th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $58.00 target price (up from $54.00) on shares of Las Vegas Sands Corp. in a report on Sunday, November 6th. Eleven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $59.25.

In other Las Vegas Sands Corp. news, COO Robert G. Goldstein sold 169,111 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $62.84, for a total value of $10,626,935.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.10% of the company’s stock.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

5 Day Chart for NYSE:LVS

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

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