Caerus Investment Advisors LLC Boosts Stock Position in Las Vegas Sands Corp. $LVS

Caerus Investment Advisors LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 313.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,923 shares of the casino operator’s stock after acquiring an additional 12,825 shares during the period. Caerus Investment Advisors LLC’s holdings in Las Vegas Sands were worth $1,102,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its holdings in Las Vegas Sands by 40.6% in the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after acquiring an additional 19,488 shares during the last quarter. Perpetual Ltd acquired a new position in Las Vegas Sands in the fourth quarter valued at approximately $2,051,000. Crossmark Global Holdings Inc. lifted its holdings in Las Vegas Sands by 411.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after acquiring an additional 35,566 shares during the last quarter. SG Americas Securities LLC lifted its stake in Las Vegas Sands by 2,655.3% during the fourth quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock worth $57,150,000 after purchasing an additional 846,155 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its stake in Las Vegas Sands by 116.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after purchasing an additional 79,641 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Barclays upped their price target on Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Mizuho upped their price target on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.91.

Las Vegas Sands Stock Down 0.5%

Las Vegas Sands stock opened at $50.57 on Friday. Las Vegas Sands Corp. has a twelve month low of $40.03 and a twelve month high of $70.45. The stock’s fifty day simple moving average is $52.76 and its 200-day simple moving average is $57.45. 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 firm has a market capitalization of $33.51 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.15 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. As a group, equities analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

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

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of the stock in a transaction on 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 owned 511,942 shares of the company’s stock, valued at $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

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.