Dynamic Technology Lab Private Ltd Has $1.90 Million Stock Position in Las Vegas Sands Corp. $LVS

Dynamic Technology Lab Private Ltd increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 117.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,299 shares of the casino operator’s stock after acquiring an additional 19,057 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Las Vegas Sands were worth $1,899,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Total Investment Management Inc. acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth approximately $25,000. Westside Investment Management Inc. boosted its holdings 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 valued at $28,000 after buying an additional 166 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Las Vegas Sands in the third quarter valued at $33,000. Smartleaf Asset Management LLC increased its holdings 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 worth $35,000 after buying an additional 533 shares during the last quarter. Finally, MAI Capital Management increased 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 during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Down 2.6%

NYSE LVS opened at $53.69 on Friday. 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 company has a market cap of $36.07 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 1.37 and a beta of 0.88. The company has a 50 day moving average of $58.72 and a 200-day moving average of $58.95. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Monday, February 9th were issued a dividend of $0.30 per share. This is an increase 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 dividend yield of 2.2%. Las Vegas Sands’s payout ratio is currently 51.28%.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Citigroup boosted their price objective on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Las Vegas Sands from $76.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Stifel Nicolaus reduced their price target on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $68.55.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of the company’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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Miriam Adelson sold 77,991 shares of the stock in a transaction dated 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 sale, the insider owned 23,333,441 shares in the company, valued at $1,576,407,273.96. The trade was a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,477,991 shares of company stock worth $165,323,554 in the last 90 days. 1.20% of the stock is owned by company insiders.

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.