Palogic Value Management L.P. Purchases Shares of 5,000 Las Vegas Sands Corp. $LVS

Palogic Value Management L.P. purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,000 shares of the casino operator’s stock, valued at approximately $218,000.

Several other large investors have also recently bought and sold shares of LVS. Mirae Asset Global Investments Co. Ltd. raised its holdings in Las Vegas Sands by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock valued at $1,489,000 after acquiring an additional 6,057 shares during the period. Amalgamated Bank raised its holdings in Las Vegas Sands by 2.7% in the 1st quarter. Amalgamated Bank now owns 73,887 shares of the casino operator’s stock valued at $2,854,000 after acquiring an additional 1,920 shares during the period. Vontobel Holding Ltd. raised its holdings in Las Vegas Sands by 4.1% in the 1st quarter. Vontobel Holding Ltd. now owns 35,783 shares of the casino operator’s stock valued at $1,382,000 after acquiring an additional 1,420 shares during the period. First Horizon Advisors Inc. raised its holdings in Las Vegas Sands by 50.9% in the 1st quarter. First Horizon Advisors Inc. now owns 4,247 shares of the casino operator’s stock valued at $164,000 after acquiring an additional 1,432 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Las Vegas Sands in the 1st quarter valued at about $2,049,000. 39.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LVS shares. The Goldman Sachs Group increased their price target on shares of Las Vegas Sands from $57.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, October 24th. UBS Group raised their target price on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Bank of America raised their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Citigroup reaffirmed a “buy” rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Susquehanna raised their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.13.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 200,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $59.05, for a total value of $11,810,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 1,200,000 shares of company stock valued at $70,822,000. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Up 0.4%

Shares of LVS opened at $59.21 on Friday. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $59.66. The firm’s 50 day moving average is $53.88 and its 200-day moving average is $47.86. The stock has a market capitalization of $40.04 billion, a PE ratio of 26.79, a P/E/G ratio of 1.62 and a beta of 1.01. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the firm earned $0.44 earnings per share. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

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.