AXQ Capital LP Makes New Investment in Las Vegas Sands Corp. $LVS

AXQ Capital LP purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,213 shares of the casino operator’s stock, valued at approximately $665,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust bought a new stake in Las Vegas Sands in the 4th quarter worth about $26,000. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. Westside Investment Management Inc. boosted 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 worth $28,000 after buying an additional 166 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 worth $35,000 after buying an additional 533 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 434 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Down 0.7%

LVS stock opened at $50.83 on Thursday. The stock has a 50-day simple moving average of $53.03 and a two-hundred day simple moving average of $58.03. Las Vegas Sands Corp. has a twelve month low of $40.03 and a twelve month high of $70.45. The firm has a market capitalization of $33.68 billion, a PE ratio of 18.83, a PEG ratio of 1.16 and a beta of 0.81. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. Las Vegas Sands’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Stifel Nicolaus boosted their target price 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. Seaport Research Partners reduced their target price on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Mizuho upped their price objective on Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.28.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the company’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 transaction, the chief executive officer directly owned 511,942 shares in the company, valued at $28,028,824.50. This represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Las Vegas Sands Company 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.