Sivia Capital Partners LLC Makes New Investment in Las Vegas Sands Corp. $LVS

Sivia Capital Partners LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, Holdings Channel reports. The fund bought 20,875 shares of the casino operator’s stock, valued at approximately $1,359,000.

Other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust purchased a new position in Las Vegas Sands during the fourth quarter worth about $26,000. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $26,000. Westside Investment Management Inc. raised its stake in shares of Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Las Vegas Sands by 549.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after acquiring an additional 533 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 434 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Down 0.7%

Shares of LVS stock opened at $50.83 on Thursday. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $33.68 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.16 and a beta of 0.81. The company has a 50 day moving average price of $53.03 and a 200 day moving average price of $58.03. Las Vegas Sands Corp. has a fifty-two week low of $40.03 and a fifty-two week high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. Equities research analysts predict that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. Las Vegas Sands’s payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of research analyst reports. Wells Fargo & Company reduced 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. Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. reduced their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Barclays boosted their price target on shares of Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.28.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the transaction, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

About Las Vegas Sands

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.