66,466 Shares in Las Vegas Sands Corp. (NYSE:LVS) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,466 shares of the casino operator’s stock, valued at approximately $3,346,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after acquiring an additional 1,536,754 shares during the last quarter. Janus Henderson Group PLC raised its position in Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Las Vegas Sands by 0.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock valued at $376,136,000 after purchasing an additional 68,568 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Las Vegas Sands by 1.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock worth $283,284,000 after acquiring an additional 77,807 shares during the last quarter. Finally, ARGA Investment Management LP grew its stake in shares of Las Vegas Sands by 24.8% in the third quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock worth $247,891,000 after purchasing an additional 977,636 shares during 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 a number of analyst reports. Susquehanna raised their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Barclays raised their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Mizuho upped their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 203,732 shares of company stock valued at $10,861,707. Corporate insiders own 0.91% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $55.17 on Tuesday. The firm has a market capitalization of $40.00 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The stock has a 50 day moving average price of $51.67 and a two-hundred day moving average price of $45.36. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. Equities analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

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.