Qsemble Capital Management LP Raises Stock Position in Las Vegas Sands Corp. $LVS

Qsemble Capital Management LP boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 301.5% during the 4th quarter, Holdings Channel reports. The firm owned 158,094 shares of the casino operator’s stock after acquiring an additional 118,720 shares during the quarter. Las Vegas Sands comprises approximately 0.9% of Qsemble Capital Management LP’s investment portfolio, making the stock its 18th largest position. Qsemble Capital Management LP’s holdings in Las Vegas Sands were worth $10,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. AlphaCore Capital LLC purchased a new stake in Las Vegas Sands during the 4th quarter worth approximately $217,000. AMJ Financial Wealth Management purchased a new stake in Las Vegas Sands during the 4th quarter worth approximately $227,000. Convergence Investment Partners LLC purchased a new stake in Las Vegas Sands during the 4th quarter worth approximately $244,000. Baader Bank Aktiengesellschaft purchased a new stake in Las Vegas Sands during the 4th quarter worth approximately $560,000. Finally, Allworth Financial LP grew its position in Las Vegas Sands by 40.5% during the 4th quarter. Allworth Financial LP now owns 17,459 shares of the casino operator’s stock worth $1,136,000 after purchasing an additional 5,033 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $51.18 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. Las Vegas Sands Corp. has a 12 month low of $39.29 and a 12 month high of $70.45. The company has a 50 day simple moving average of $53.95 and a two-hundred day simple moving average of $59.14. The stock has a market cap of $33.92 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.15 and a beta of 0.85.

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

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

Insider Activity

In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction 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 directly owned 511,942 shares in the company, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on LVS shares. Argus dropped their target price on shares of Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Wall Street Zen cut shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Macquarie Infrastructure restated an “outperform” rating and set a $70.00 price objective on shares of Las Vegas Sands in a research note on Thursday, January 29th. The Goldman Sachs Group decreased their price objective on shares of 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, Stifel Nicolaus lifted their price objective 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 equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $68.28.

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.