111 Capital Invests $615,000 in Las Vegas Sands Corp. $LVS

111 Capital acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,427 shares of the casino operator’s stock, valued at approximately $615,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its stake in shares of Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Las Vegas Sands in the 2nd quarter valued at about $25,000. Root Financial Partners LLC bought a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $33,000. Smartleaf Asset Management LLC increased its position in shares of Las Vegas Sands by 549.5% in the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after acquiring an additional 533 shares during the last quarter. Finally, MAI Capital Management raised its stake in shares of Las Vegas Sands by 78.4% during the 3rd quarter. MAI Capital Management now owns 710 shares of the casino operator’s stock worth $38,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, COO Patrick Dumont sold 135,603 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $67.96, for a total transaction of $9,215,579.88. Following the completion of the transaction, the chief operating officer owned 446,608 shares of the company’s stock, valued at $30,351,479.68. This represents a 23.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Miriam Adelson sold 77,991 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the completion of the transaction, the insider owned 23,333,441 shares of the company’s stock, valued at $1,576,407,273.96. This trade represents a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,613,594 shares of company stock worth $174,539,134. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Trading Down 0.7%

Shares of LVS stock opened at $56.33 on Tuesday. The company has a market capitalization of $37.85 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.45 and a beta of 0.88. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14. The business’s fifty day moving average is $59.60 and its 200 day moving average is $58.94. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.08. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. Las Vegas Sands’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Monday, February 9th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, February 9th. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio is 51.28%.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Las Vegas Sands in a report on Thursday, January 29th. Jefferies Financial Group reduced their target price on Las Vegas Sands from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Citigroup raised their price objective on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Mizuho boosted their price target on shares of Las Vegas Sands from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.55.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.