L & S Advisors Inc Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

L & S Advisors Inc bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 131,216 shares of the casino operator’s stock, valued at approximately $6,605,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. CVA Family Office LLC raised its position in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the last quarter. Bank & Trust Co acquired a new position in shares of Las Vegas Sands in the second quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Las Vegas Sands in the third quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of Las Vegas Sands in the third quarter valued at approximately $43,000. Finally, GAMMA Investing LLC raised its position in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Trading Down 0.7 %

NYSE LVS opened at $49.55 on Thursday. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market capitalization of $35.93 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. The company’s fifty day moving average price is $49.32 and its two-hundred day moving average price is $44.80.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given 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 1.61%. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group upped their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Company 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.