Ashton Thomas Private Wealth LLC Sells 3,757 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Ashton Thomas Private Wealth LLC reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 45.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,586 shares of the casino operator’s stock after selling 3,757 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Las Vegas Sands were worth $231,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LVS. CVA Family Office LLC grew its holdings in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares in the last quarter. Bank & Trust Co bought a new stake in Las Vegas Sands during the second quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands during the third quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $47.96 on Friday. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The company’s fifty day moving average is $48.56 and its 200 day moving average is $44.72.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. Sell-side analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.67%. Las Vegas Sands’s payout ratio is currently 39.60%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LVS. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Mizuho upped their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their target price on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.