Night Squared LP Makes New $2.50 Million Investment in Las Vegas Sands Corp. $LVS

Night Squared LP bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 38,376 shares of the casino operator’s stock, valued at approximately $2,498,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after purchasing an additional 2,418 shares during the period. Woodline Partners LP raised its holdings in shares of Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Las Vegas Sands by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after purchasing an additional 1,027 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Las Vegas Sands during the second quarter worth $414,000. Finally, Cerity Partners LLC raised its holdings in shares of Las Vegas Sands by 70.0% during the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after purchasing an additional 7,243 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LVS shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Mizuho increased their target price on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings lowered shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Citigroup upped their price target on shares of Las Vegas Sands from $76.75 to $78.50 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Wall Street Zen lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.91.

Las Vegas Sands Stock Down 1.7%

Las Vegas Sands stock opened at $48.91 on Wednesday. The company has a 50-day simple moving average of $52.48 and a 200-day simple moving average of $57.08. The firm has a market capitalization of $32.41 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.13 and a beta of 0.81. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. Las Vegas Sands Corp. has a one year low of $40.94 and a one year high of $70.45.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. As a group, equities analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. Las Vegas Sands’s dividend payout ratio is currently 44.44%.

Las Vegas Sands 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.