Parallel Advisors LLC Sells 2,332 Shares of Las Vegas Sands Corp. (NYSE:LVS)

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Parallel Advisors LLC cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 62.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,394 shares of the casino operator’s stock after selling 2,332 shares during the period. Parallel Advisors LLC’s holdings in Las Vegas Sands were worth $81,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management boosted its holdings in Las Vegas Sands by 4.8% during the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,756 shares of the casino operator’s stock worth $217,000 after purchasing an additional 171 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Las Vegas Sands by 0.4% during the second quarter. State of Alaska Department of Revenue now owns 44,121 shares of the casino operator’s stock worth $2,606,000 after purchasing an additional 173 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Las Vegas Sands by 2.9% during the second quarter. Moors & Cabot Inc. now owns 6,497 shares of the casino operator’s stock worth $384,000 after purchasing an additional 181 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in Las Vegas Sands by 2.9% during the second quarter. Alpha Cubed Investments LLC now owns 6,561 shares of the casino operator’s stock worth $388,000 after purchasing an additional 185 shares during the last quarter. Finally, Windward Capital Management Co. CA boosted its holdings in Las Vegas Sands by 0.5% during the second quarter. Windward Capital Management Co. CA now owns 36,627 shares of the casino operator’s stock worth $2,164,000 after purchasing an additional 188 shares during the last quarter. 36.89% of the stock is owned by institutional investors.

Shares of NYSE LVS traded down $0.10 during midday trading on Wednesday, hitting $62.38. The company’s stock had a trading volume of 54,009 shares, compared to its average volume of 4,294,394. The stock has a fifty day moving average price of $59.02 and a 200 day moving average price of $59.20. Las Vegas Sands Corp. has a one year low of $47.39 and a one year high of $69.60. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 5.97 and a beta of 1.61.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts predict that Las Vegas Sands Corp. will post 3.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 17th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, December 16th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 92.77%.

A number of research analysts have weighed in on the stock. Deutsche Bank upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the company from $69.00 to $70.00 in a research note on Sunday, September 8th. Standpoint Research assumed coverage on shares of Las Vegas Sands in a research note on Wednesday, September 4th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their target price on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Roth Capital reiterated a “buy” rating on shares of Las Vegas Sands in a research note on Thursday, October 24th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $62.00 target price on shares of Las Vegas Sands in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Las Vegas Sands presently has an average rating of “Hold” and a consensus target price of $68.22.

In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $60.16, for a total value of $4,010,686.72. Following the sale, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,010,686.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $35.60, for a total transaction of $71,484.80. Insiders own 10.50% of the company’s stock.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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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 (NYSE:LVS)

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