Kercheville Advisors LLC Has $241,000 Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

by · The Cerbat Gem

Kercheville Advisors LLC decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 82.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,778 shares of the casino operator’s stock after selling 22,599 shares during the quarter. Kercheville Advisors LLC’s holdings in Las Vegas Sands were worth $241,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC raised its stake 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. Signaturefd LLC increased its position in Las Vegas Sands by 7.8% in the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after acquiring an additional 253 shares in the last quarter. Waldron Private Wealth LLC increased its position in Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after acquiring an additional 268 shares in the last quarter. CVA Family Office LLC increased its position in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares in the last quarter. Finally, Western Pacific Wealth Management LP increased its position in Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 338 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Ratings Changes

LVS has been the subject of several analyst reports. Mizuho lifted their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus raised their price objective 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. Susquehanna lifted their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their price objective on shares of 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, Macquarie cut their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average target price of $57.92.

View Our Latest Stock Analysis on LVS

Las Vegas Sands Trading Up 0.6 %

Shares of LVS opened at $52.76 on Monday. The firm has a market cap of $39.31 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.49 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The firm has a 50 day moving average price of $45.43 and a 200-day moving average price of $44.35.

Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, November 4th. Las Vegas Sands’s payout ratio is currently 38.65%.

About Las Vegas Sands

(Free Report)

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.

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