Las Vegas Sands Corp. $LVS Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 56.8% in the fourth quarter, Holdings Channel reports. The firm owned 39,570 shares of the casino operator’s stock after buying an additional 14,330 shares during the period. Aigen Investment Management LP’s holdings in Las Vegas Sands were worth $2,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC increased its position in shares of Las Vegas Sands by 40.6% during the 4th quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock worth $4,390,000 after purchasing an additional 19,488 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Las Vegas Sands by 411.5% during the 4th 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 period. Perpetual Ltd purchased a new position in Las Vegas Sands during the 4th quarter valued at about $2,051,000. SG Americas Securities LLC boosted its holdings in Las Vegas Sands by 2,655.3% during the 4th quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock valued at $57,150,000 after acquiring an additional 846,155 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its holdings in Las Vegas Sands by 116.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock valued at $9,646,000 after acquiring an additional 79,641 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $50.70 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 twelve month low of $40.03 and a twelve month high of $70.45. The stock has a 50 day moving average of $52.68 and a two-hundred day moving average of $57.40. The stock has a market cap of $33.60 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.15 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating 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 company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, research analysts forecast that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. HSBC raised their target price on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Mizuho raised their target price on Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, Seaport Research Partners lowered their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

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 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 sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

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.