Havemeyer Place LP Takes $2.08 Million Position in Las Vegas Sands Corp. $LVS

by · The Cerbat Gem

Havemeyer Place LP acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 31,932 shares of the casino operator’s stock, valued at approximately $2,078,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vestcor Inc boosted its stake in shares of Las Vegas Sands by 82.0% in the 4th quarter. Vestcor Inc now owns 12,567 shares of the casino operator’s stock valued at $818,000 after buying an additional 5,663 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Las Vegas Sands by 251.2% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 84,456 shares of the casino operator’s stock valued at $5,497,000 after buying an additional 60,406 shares during the period. Pinebridge Investments LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at about $452,000. Parallel Advisors LLC boosted its stake in shares of Las Vegas Sands by 128.1% in the 4th quarter. Parallel Advisors LLC now owns 5,585 shares of the casino operator’s stock valued at $364,000 after buying an additional 3,136 shares during the period. Finally, Prudential PLC boosted its stake in shares of Las Vegas Sands by 17.4% in the 4th quarter. Prudential PLC now owns 44,981 shares of the casino operator’s stock valued at $2,928,000 after buying an additional 6,680 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LVS shares. UBS Group decreased their price objective on Las Vegas Sands from $69.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday. HSBC lifted their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Jefferies Financial Group lifted their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Citigroup boosted their target price on Las Vegas Sands from $76.75 to $78.50 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

View Our Latest Stock Report on Las Vegas Sands

Insider Buying and Selling

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands 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 of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Las Vegas Sands Price Performance

LVS stock opened at $50.30 on Friday. The business has a 50 day moving average price of $52.87 and a 200 day moving average price of $57.87. The stock has a market cap of $33.33 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.14 and a beta of 0.81. Las Vegas Sands Corp. has a fifty-two week low of $40.03 and a fifty-two week high of $70.45. 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 – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. Equities research analysts anticipate that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.4%. Las Vegas Sands’s payout ratio is 44.44%.

Las Vegas Sands Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS – Free Report).