Lion Street Advisors LLC Invests $537,000 in Las Vegas Sands Corp. $LVS

Lion Street Advisors LLC purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,980 shares of the casino operator’s stock, valued at approximately $537,000.

Other hedge funds have also bought and sold shares of the company. Total Investment Management Inc. bought a new position in shares of 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% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after buying an additional 166 shares during the last quarter. Root Financial Partners LLC bought a new position in Las Vegas Sands during the 3rd quarter valued at approximately $33,000. Smartleaf Asset Management LLC raised its stake in Las Vegas Sands by 549.5% during the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after buying an additional 533 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands in the second quarter worth $41,000. Institutional investors own 39.16% of the company’s stock.

Insiders Place Their Bets

In other Las Vegas Sands news, EVP D. Zachary Hudson sold 53,257 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $70.37, for a total transaction of $3,747,695.09. Following the completion of the sale, the executive vice president directly owned 13,735 shares in the company, valued at $966,531.95. The trade was a 79.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Patrick Dumont sold 210,305 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the sale, the chief operating officer directly owned 446,608 shares of the company’s stock, valued at $31,244,695.68. The trade was a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,082,053 shares of company stock valued at $207,130,199. 1.20% of the stock is currently owned by company insiders.

Las Vegas Sands Stock Down 0.2%

Shares of Las Vegas Sands stock opened at $57.97 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 7.58. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $70.45. The company has a market cap of $38.95 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93. The company’s 50 day moving average is $60.93 and its 200 day moving average is $58.80.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LVS shares. Wells Fargo & Company lifted their price target on Las Vegas Sands from $67.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Stifel Nicolaus decreased their target price on shares of Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 29th. JPMorgan Chase & Co. increased their price target on shares of Las Vegas Sands from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Wall Street Zen lowered shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Las Vegas Sands from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.55.

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.