14,398 Shares in Las Vegas Sands Corp. $LVS Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,398 shares of the casino operator’s stock, valued at approximately $774,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LVS. Arrowstreet Capital Limited Partnership lifted its position in shares of Las Vegas Sands by 410.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock worth $277,963,000 after purchasing an additional 4,154,753 shares during the last quarter. Norges Bank bought a new position in shares of Las Vegas Sands in the second quarter worth about $134,179,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Las Vegas Sands by 43.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after buying an additional 1,660,823 shares during the period. AQR Capital Management LLC lifted its holdings in Las Vegas Sands by 64.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,819,128 shares of the casino operator’s stock valued at $151,641,000 after buying an additional 1,105,630 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Las Vegas Sands by 4,504.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,028,808 shares of the casino operator’s stock valued at $55,340,000 after buying an additional 1,006,463 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the transaction, the chief executive officer directly owned 511,942 shares in the company, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup upped their target price on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Mizuho boosted their price target on Las Vegas Sands from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. The Goldman Sachs Group dropped their price objective on Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Argus reduced their price objective on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.55.

Las Vegas Sands Stock Down 2.1%

NYSE:LVS opened at $52.92 on Monday. The company’s 50-day simple moving average is $56.76 and its 200-day simple moving average is $58.82. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $70.45. The stock has a market capitalization of $35.56 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.35 and a beta of 0.88.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 28th. The casino operator reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The company had revenue of $3.65 billion during 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 quarter in the prior year, the company posted $0.54 earnings per share. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Monday, February 9th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio (DPR) is currently 51.28%.

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.