Night Squared LP Makes New $2.50 Million Investment in Las Vegas Sands Corp. $LVS

Night Squared LP acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 38,376 shares of the casino operator’s stock, valued at approximately $2,498,000.

Other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust purchased a new stake in Las Vegas Sands during the fourth quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Las Vegas Sands in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC grew its holdings in Las Vegas Sands by 549.5% during 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LVS has been the subject of a number of recent analyst reports. Seaport Research Partners lowered their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Morgan Stanley raised their price target on shares of Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Wells Fargo & Company lowered their price target on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Jefferies Financial Group raised their price target on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.91.

Las Vegas Sands Trading Down 1.7%

LVS opened at $48.91 on Wednesday. The stock has a market capitalization of $32.41 billion, a PE ratio of 18.11, a P/E/G ratio of 1.13 and a beta of 0.81. The firm’s fifty day moving average price is $52.48 and its 200 day moving average price is $57.08. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. Las Vegas Sands Corp. has a 12-month low of $40.94 and a 12-month high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, research analysts expect that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.5%. Las Vegas Sands’s dividend payout ratio is currently 44.44%.

Las Vegas Sands Company 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.