Capstone Capital Management Ltd Invests $797,000 in Las Vegas Sands Corp. $LVS

Capstone Capital Management Ltd bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 12,241 shares of the casino operator’s stock, valued at approximately $797,000.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Las Vegas Sands by 8.4% in 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 buying an additional 2,418 shares during the last quarter. Woodline Partners LP raised its holdings in Las Vegas Sands by 38.9% in the 1st 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 boosted its position in 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 in the last quarter. Flow Traders U.S. LLC acquired a new stake in Las Vegas Sands in the second quarter valued at approximately $414,000. Finally, Cerity Partners LLC grew its holdings in Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after purchasing an additional 7,243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Tuesday, May 12th. Jefferies Financial Group lifted their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group reduced their price objective on Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $70.00 target price on shares of Las Vegas Sands in a research note on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $68.28.

Las Vegas Sands Trading Down 1.9%

Shares of NYSE LVS opened at $50.21 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The stock has a market capitalization of $33.27 billion, a PE ratio of 18.60, a PEG ratio of 1.16 and a beta of 0.85. Las Vegas Sands Corp. has a twelve month low of $39.29 and a twelve month high of $70.45. The stock has a fifty day simple moving average of $53.85 and a 200-day simple moving average of $59.08.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. The company 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 firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts forecast that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by corporate insiders.

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.