Hexagon Capital Partners LLC Sells 613 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Hexagon Capital Partners LLC cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 18.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,730 shares of the casino operator’s stock after selling 613 shares during the period. Hexagon Capital Partners LLC’s holdings in Las Vegas Sands were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its holdings in Las Vegas Sands by 3.1% in the 4th quarter. Clearbridge Investments LLC now owns 629,182 shares of the casino operator’s stock worth $30,962,000 after buying an additional 19,200 shares during the period. Nordea Investment Management AB boosted its holdings in Las Vegas Sands by 182.9% in the 4th quarter. Nordea Investment Management AB now owns 698,686 shares of the casino operator’s stock valued at $34,264,000 after purchasing an additional 451,710 shares during the period. DNB Asset Management AS boosted its holdings in Las Vegas Sands by 50.4% in the 4th quarter. DNB Asset Management AS now owns 672,905 shares of the casino operator’s stock valued at $33,114,000 after purchasing an additional 225,351 shares during the period. ARGA Investment Management LP boosted its holdings in Las Vegas Sands by 6.4% in the 1st quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock valued at $171,075,000 after purchasing an additional 198,413 shares during the period. Finally, AM Squared Ltd bought a new position in Las Vegas Sands in the 4th quarter valued at $3,076,000. 39.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LVS has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Jefferies Financial Group cut their price target on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, Barclays lowered their price objective on shares of Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.31.

Las Vegas Sands Trading Down 3.1 %

NYSE:LVS traded down $1.37 during trading hours on Monday, reaching $42.88. The company’s stock had a trading volume of 6,389,463 shares, compared to its average volume of 5,390,292. The firm has a market capitalization of $31.95 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.79 and a beta of 1.12. The firm has a 50-day simple moving average of $45.24 and a 200-day simple moving average of $48.99. Las Vegas Sands Corp. has a 1 year low of $42.72 and a 1 year high of $61.25. 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 (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The firm’s revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Research analysts expect that Las Vegas Sands Corp. will post 2.69 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

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.