EntryPoint Capital LLC Sells 1,849 Shares of Las Vegas Sands Corp. (NYSE:LVS)

EntryPoint Capital LLC decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 40.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,739 shares of the casino operator’s stock after selling 1,849 shares during the period. EntryPoint Capital LLC’s holdings in Las Vegas Sands were worth $142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LVS. HB Wealth Management LLC bought a new position in Las Vegas Sands during the 4th quarter valued at about $296,000. Assenagon Asset Management S.A. lifted its stake in Las Vegas Sands by 49.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 573,176 shares of the casino operator’s stock valued at $28,206,000 after acquiring an additional 188,903 shares during the period. Great Lakes Retirement Inc. lifted its stake in Las Vegas Sands by 6.9% during the 4th quarter. Great Lakes Retirement Inc. now owns 9,164 shares of the casino operator’s stock valued at $451,000 after acquiring an additional 594 shares during the period. Blue Trust Inc. lifted its stake in Las Vegas Sands by 127.0% during the 4th quarter. Blue Trust Inc. now owns 3,305 shares of the casino operator’s stock valued at $152,000 after acquiring an additional 1,849 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Las Vegas Sands by 2.1% during the 4th quarter. State of Alaska Department of Revenue now owns 39,875 shares of the casino operator’s stock valued at $1,962,000 after acquiring an additional 815 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Las Vegas Sands stock traded down $0.12 during midday trading on Friday, hitting $39.22. The stock had a trading volume of 2,687,774 shares, compared to its average volume of 5,337,206. The firm’s fifty day moving average is $43.56 and its two-hundred day moving average is $48.02. The company has a market capitalization of $29.22 billion, a PE ratio of 19.00, a P/E/G ratio of 0.74 and a beta of 1.12. Las Vegas Sands Corp. has a 52-week low of $38.92 and a 52-week high of $60.47. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $0.46 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Las Vegas Sands Corp. will post 2.64 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Analyst Ratings Changes

LVS has been the topic of several research analyst reports. Mizuho lowered their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Morgan Stanley reduced their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Barclays reduced their price target on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna reduced their price target on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

About Las Vegas Sands

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.