Candriam Luxembourg S.C.A. Reduces Position in Las Vegas Sands Corp. (LVS)

Candriam Luxembourg S.C.A. cut its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 70.4% during the second quarter, Holdings Channel reports. The firm owned 30,494 shares of the casino operator’s stock after selling 72,515 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Las Vegas Sands Corp. were worth $1,948,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Las Vegas Sands Corp. by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,712,172 shares of the casino operator’s stock worth $1,124,974,000 after buying an additional 755,714 shares during the period. BlackRock Inc. boosted its stake in shares of Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock worth $899,674,000 after buying an additional 15,159,167 shares during the last quarter. State Street Corp boosted its stake in shares of Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock worth $457,878,000 after buying an additional 360,249 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Las Vegas Sands Corp. by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 4,620,419 shares of the casino operator’s stock worth $263,687,000 after buying an additional 28,172 shares during the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in shares of Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock worth $238,955,000 after buying an additional 1,174,688 shares during the last quarter. 38.27% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (LVS) opened at 60.16 on Friday. The firm’s 50-day moving average is $62.21 and its 200 day moving average is $58.26. Las Vegas Sands Corp. has a 12 month low of $49.89 and a 12 month high of $66.22. The firm has a market capitalization of $47.65 billion, a price-to-earnings ratio of 23.41 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm earned $0.52 EPS. Las Vegas Sands Corp.’s revenue was up 18.5% on a year-over-year basis. Equities analysts predict that Las Vegas Sands Corp. will post $2.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.73 per share. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.85%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 113.18%.

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LVS has been the subject of a number of research reports. Susquehanna Bancshares Inc reaffirmed a “buy” rating and issued a $69.00 target price on shares of Las Vegas Sands Corp. in a report on Friday, April 28th. CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price (up from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Bank of America Corporation reaffirmed a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Finally, Telsey Advisory Group upped their target price on shares of Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.65.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature 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.

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).

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

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