Eos Management L.P. Cuts Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Eos Management L.P. lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,466 shares of the casino operator’s stock after selling 4,115 shares during the period. Las Vegas Sands comprises 0.9% of Eos Management L.P.’s holdings, making the stock its 20th biggest position. Eos Management L.P.’s holdings in Las Vegas Sands were worth $2,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Las Vegas Sands during the third quarter worth $27,000. Western Pacific Wealth Management LP purchased a new stake in shares of Las Vegas Sands during the 3rd quarter worth $29,000. CNB Bank bought a new stake in Las Vegas Sands during the third quarter valued at about $32,000. Venturi Wealth Management LLC grew its stake in Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 409 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands in the fourth quarter worth about $39,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Performance

LVS traded down $0.12 on Friday, reaching $45.43. 4,932,130 shares of the stock were exchanged, compared to its average volume of 4,779,081. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.30. The company’s 50-day moving average price is $51.18 and its 200 day moving average price is $49.63. The firm has a market capitalization of $33.85 billion, a PE ratio of 21.95, a PEG ratio of 0.85 and a beta of 1.16. Las Vegas Sands Corp. has a fifty-two week low of $43.77 and a fifty-two week high of $65.58.

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, topping the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion during 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 business posted $0.28 earnings per share. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.65 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Morgan Stanley raised their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, 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 report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.46.

Insider Activity

In related news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

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.