Hudson Bay Capital Management LP Takes Position in Las Vegas Sands Corp. $LVS

Hudson Bay Capital Management LP acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,398 shares of the casino operator’s stock, valued at approximately $774,000.

A number of other institutional investors also recently bought and sold shares of LVS. Mackenzie Financial Corp increased its stake in Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after purchasing an additional 156 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after buying an additional 166 shares during the period. Parallel Advisors LLC grew its holdings in shares of Las Vegas Sands by 7.8% during the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after buying an additional 177 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Las Vegas Sands by 2.4% during the third quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after buying an additional 197 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position in shares of Las Vegas Sands by 0.3% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock valued at $2,697,000 after acquiring an additional 213 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Trading Down 2.1%

LVS stock opened at $52.92 on Monday. The company’s 50-day simple moving average is $56.76 and its 200-day simple moving average is $58.82. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 7.58. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $70.45. The firm has a market cap of $35.56 billion, a P/E ratio of 22.62, a PEG ratio of 1.35 and a beta of 0.88.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.Las Vegas Sands’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Monday, February 9th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio is currently 51.28%.

Analyst Ratings Changes

LVS has been the subject of a number of research reports. Barclays set a $64.00 price target on Las Vegas Sands in a research report on Thursday, January 29th. UBS Group raised their price objective on Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. HSBC lifted their target price on Las Vegas Sands from $67.50 to $73.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $70.00 price target on shares of Las Vegas Sands in a report on Thursday, January 29th. Finally, Zacks Research lowered shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $68.55.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the transaction, the chief executive officer owned 511,942 shares in the company, valued at $28,028,824.50. This trade represents a 10.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by 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.