Hengehold Capital Management LLC Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

Hengehold Capital Management LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,200 shares of the casino operator’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also made changes to their positions in LVS. Norges Bank purchased a new position in Las Vegas Sands in the 4th quarter valued at about $266,538,000. Vanguard Group Inc. increased its position in Las Vegas Sands by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock worth $1,815,760,000 after purchasing an additional 4,264,043 shares in the last quarter. ARGA Investment Management LP increased its position in Las Vegas Sands by 214.5% during the 4th quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock worth $153,071,000 after purchasing an additional 2,121,546 shares in the last quarter. Ghisallo Capital Management LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $73,815,000. Finally, Integrated Investment Consultants LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $45,752,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Up 0.8 %

Shares of NYSE:LVS traded up $0.33 during midday trading on Thursday, reaching $44.14. The company had a trading volume of 6,877,086 shares, compared to its average volume of 5,255,432. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. Las Vegas Sands Corp. has a 1-year low of $42.99 and a 1-year high of $61.25. The firm has a market cap of $32.89 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13. The company has a fifty day simple moving average of $45.30 and a two-hundred day simple moving average of $49.04.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $0.28 EPS. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. Research analysts predict that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Wall Street Analyst Weigh In

Several analysts have issued reports on LVS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Barclays reduced their price objective on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, June 7th. Citigroup raised their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average price target of $63.31.

About Las Vegas Sands

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.