Las Vegas Sands Corp. $LVS Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 78.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 102,576 shares of the casino operator’s stock after acquiring an additional 44,940 shares during the period. Cwm LLC’s holdings in Las Vegas Sands were worth $5,518,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Magnetar Financial LLC purchased a new stake in shares of Las Vegas Sands in the 1st quarter valued at approximately $359,000. Vident Advisory LLC purchased a new position in shares of Las Vegas Sands during the 1st quarter worth approximately $2,038,000. Quarry LP acquired a new stake in Las Vegas Sands in the 1st quarter valued at approximately $183,000. AQR Capital Management LLC raised its position in Las Vegas Sands by 733.4% in the first quarter. AQR Capital Management LLC now owns 790,760 shares of the casino operator’s stock valued at $29,725,000 after purchasing an additional 695,878 shares during the period. Finally, Cinctive Capital Management LP purchased a new stake in Las Vegas Sands in the first quarter valued at approximately $4,881,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $65.09 on Wednesday. The business has a 50-day simple moving average of $64.57 and a 200-day simple moving average of $55.84. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $70.45. The company has a market cap of $44.01 billion, a PE ratio of 29.45, a P/E/G ratio of 1.78 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Las Vegas Sands’s payout ratio is presently 45.25%.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 1,198,650 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Patrick Dumont sold 210,305 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $69.96, for a total value of $14,712,937.80. Following the sale, the chief operating officer directly owned 446,608 shares in the company, valued at $31,244,695.68. This trade represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,182,053 shares of company stock worth $333,348,399 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LVS has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a research note on Monday. Stifel Nicolaus raised their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Macquarie boosted their price target on shares of Las Vegas Sands from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Wall Street Zen lowered shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research cut shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.52.

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.