Amalgamated Bank Reduces Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Amalgamated Bank reduced its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,431 shares of the casino operator’s stock after selling 11,940 shares during the quarter. Amalgamated Bank’s holdings in Las Vegas Sands were worth $3,900,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LVS. Waldron Private Wealth LLC increased its holdings in shares of Las Vegas Sands by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after purchasing an additional 232 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Las Vegas Sands by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after purchasing an additional 288 shares during the period. New York Life Investment Management LLC increased its holdings in shares of Las Vegas Sands by 0.7% in the third quarter. New York Life Investment Management LLC now owns 47,237 shares of the casino operator’s stock worth $2,165,000 after purchasing an additional 306 shares during the period. Czech National Bank increased its holdings in shares of Las Vegas Sands by 0.5% in the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock worth $3,359,000 after purchasing an additional 319 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after purchasing an additional 357 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Up 0.2 %

Shares of NYSE:LVS traded up $0.08 on Friday, reaching $44.88. 5,878,123 shares of the company traded hands, compared to its average volume of 5,002,287. The business’s 50-day simple moving average is $48.58 and its 200 day simple moving average is $49.56. Las Vegas Sands Corp. has a 52 week low of $43.77 and a 52 week high of $61.25. The stock has a market capitalization of $33.44 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. The firm 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 company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.63 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Jefferies Financial Group reduced their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Finally, Barclays reduced their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.46.

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.