Quadrant Capital Group LLC Buys 14,078 Shares of Las Vegas Sands Corp. $LVS

Quadrant Capital Group LLC boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 1,030.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,444 shares of the casino operator’s stock after buying an additional 14,078 shares during the period. Quadrant Capital Group LLC’s holdings in Las Vegas Sands were worth $672,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC boosted its stake in shares of Las Vegas Sands by 0.3% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock valued at $2,697,000 after purchasing an additional 213 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Las Vegas Sands by 37.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after buying an additional 239 shares in the last quarter. Harbour Investments Inc. boosted its position in Las Vegas Sands by 21.4% in the second quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock valued at $61,000 after buying an additional 247 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Las Vegas Sands by 1.5% during the second quarter. Wealthfront Advisers LLC now owns 18,189 shares of the casino operator’s stock worth $791,000 after buying an additional 273 shares during the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in shares of Las Vegas Sands by 31.3% during the second quarter. Center for Financial Planning Inc. now owns 1,440 shares of the casino operator’s stock worth $63,000 after buying an additional 343 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 700,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $58.88, for a total value of $41,216,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Randy Hyzak sold 57,545 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total value of $3,823,865.25. Following the completion of the transaction, the chief financial officer owned 53,499 shares in the company, valued at $3,555,008.55. This represents a 51.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,157,545 shares of company stock worth $130,042,065 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Trading Down 1.5%

Shares of LVS opened at $68.45 on Wednesday. The stock’s fifty day simple moving average is $58.61 and its 200-day simple moving average is $52.27. The firm has a market capitalization of $46.28 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $70.45. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42.

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

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is currently 45.25%.

Analyst Ratings Changes

Several brokerages have recently commented on LVS. Seaport Global Securities boosted their target price on Las Vegas Sands from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley boosted their price objective on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Zacks Research upgraded Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Wells Fargo & Company assumed coverage on Las Vegas Sands in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $66.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Las Vegas Sands from $57.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.60.

Las Vegas Sands 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.