Quantbot Technologies LP Makes New $1.75 Million Investment in Las Vegas Sands Corp. $LVS

Quantbot Technologies LP acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,436 shares of the casino operator’s stock, valued at approximately $1,745,000.

A number of other hedge funds have also recently modified their holdings of LVS. Total Investment Management Inc. purchased a new position in Las Vegas Sands during the second quarter valued at approximately $25,000. Westside Investment Management Inc. grew its stake in shares of Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares during the period. Root Financial Partners LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter valued at approximately $33,000. Smartleaf Asset Management LLC lifted its stake in shares of Las Vegas Sands by 549.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after purchasing an additional 533 shares during the period. Finally, MAI Capital Management boosted its holdings in Las Vegas Sands by 78.4% during the third quarter. MAI Capital Management now owns 710 shares of the casino operator’s stock worth $38,000 after buying an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 0.8%

LVS stock opened at $56.15 on Thursday. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $70.45. The business’s 50-day moving average is $59.19 and its 200 day moving average is $58.94. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58. The stock has a market cap of $37.73 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.42 and a beta of 0.88.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.33 billion. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were paid a dividend of $0.30 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 annualized dividend and a yield of 2.1%. Las Vegas Sands’s dividend payout ratio is presently 51.28%.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Argus dropped their target price on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Las Vegas Sands in a report on Thursday, January 29th. HSBC increased their price target on Las Vegas Sands from $67.50 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen cut Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $68.55.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total transaction of $79,925,982.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Miriam Adelson sold 77,991 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the completion of the transaction, the insider directly owned 23,333,441 shares in the company, valued at $1,576,407,273.96. This trade represents a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,477,991 shares of company stock valued at $165,323,554 in the last ninety days. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Profile

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.