Hudson Bay Capital Management LP grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 126.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,354 shares of the casino operator’s stock after purchasing an additional 25,354 shares during the period. Hudson Bay Capital Management LP’s holdings in Las Vegas Sands were worth $3,152,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of LVS. Bessemer Group Inc. increased its stake in Las Vegas Sands by 60.5% during the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after purchasing an additional 779 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Las Vegas Sands during the third quarter worth about $181,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Las Vegas Sands during the third quarter worth about $198,000. Chase Investment Counsel Corp acquired a new position in shares of Las Vegas Sands during the third quarter worth about $200,000. Finally, Independence Trust CO acquired a new position in shares of Las Vegas Sands during the fourth quarter worth about $205,000. Institutional investors own 37.64% of the company’s stock.
Las Vegas Sands Corp. (LVS) opened at $72.81 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $57,619.92, a P/E ratio of 24.03 and a beta of 1.72. Las Vegas Sands Corp. has a fifty-two week low of $53.08 and a fifty-two week high of $79.84.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 4.12%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 21st. Las Vegas Sands’s dividend payout ratio is 82.49%.
A number of equities analysts have recently commented on LVS shares. Stifel Nicolaus reissued a “buy” rating and set a $76.00 price objective on shares of Las Vegas Sands in a research report on Tuesday, January 9th. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, November 8th. Barclays boosted their price objective on Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 7th. Roth Capital boosted their price objective on Las Vegas Sands from $69.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Jefferies Group reissued a “hold” rating on shares of Las Vegas Sands in a research report on Thursday, January 25th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $70.54.
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Las Vegas Sands Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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