7,989 Shares in Las Vegas Sands Corp. (NYSE:LVS) Acquired by Armistice Capital LLC

Armistice Capital LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,989 shares of the casino operator’s stock, valued at approximately $393,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Las Vegas Sands during the 4th quarter worth $266,538,000. ARGA Investment Management LP lifted its holdings in shares of Las Vegas Sands by 214.5% in the 4th quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock valued at $153,071,000 after buying an additional 2,121,546 shares during the period. Charles Lim Capital Ltd lifted its holdings in shares of Las Vegas Sands by 296.2% in the 3rd quarter. Charles Lim Capital Ltd now owns 2,575,000 shares of the casino operator’s stock valued at $118,038,000 after buying an additional 1,925,000 shares during the period. Integrated Investment Consultants LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at about $45,752,000. Finally, PointState Capital LP lifted its holdings in shares of Las Vegas Sands by 81.9% in the 3rd quarter. PointState Capital LP now owns 1,927,404 shares of the casino operator’s stock valued at $88,352,000 after buying an additional 868,005 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Barclays reduced their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company reduced their price target on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Citigroup upped their price target on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Mizuho reduced their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average price target of $63.46.

Las Vegas Sands Trading Down 0.3 %

LVS traded down $0.15 during trading hours on Wednesday, reaching $43.42. The company’s stock had a trading volume of 3,678,847 shares, compared to its average volume of 4,828,332. Las Vegas Sands Corp. has a fifty-two week low of $43.15 and a fifty-two week high of $61.25. The stock has a market cap of $32.35 billion, a PE ratio of 21.05, a P/E/G ratio of 0.84 and a beta of 1.13. The business’s 50-day moving average is $47.72 and its 200-day moving average is $49.37. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, equities research analysts predict that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.