Y Intercept Hong Kong Ltd Acquires 201,796 Shares of Las Vegas Sands Corp. $LVS

Y Intercept Hong Kong Ltd boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 438.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 247,801 shares of the casino operator’s stock after acquiring an additional 201,796 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Las Vegas Sands were worth $13,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust acquired a new stake in shares of Las Vegas Sands in the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. DV Equities LLC bought a new stake in Las Vegas Sands in the 4th quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Las Vegas Sands in the 4th quarter valued at $29,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

LVS opened at $47.06 on Friday. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The business has a fifty day simple moving average of $50.51 and a 200 day simple moving average of $55.41. Las Vegas Sands Corp. has a 1 year low of $45.62 and a 1 year high of $70.45. The company has a market capitalization of $31.18 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the business earned $0.59 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Research analysts expect that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. 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 44.44%.

Analysts Set New Price Targets

A number of equities analysts have commented on LVS shares. Citigroup lifted their price objective 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. Weiss Ratings cut shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Morgan Stanley lifted their target price on shares of Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Wall Street Zen lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $67.28.

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.