Carrhae Capital LLP Makes New Investment in Las Vegas Sands Corp. $LVS

Carrhae Capital LLP bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 961,827 shares of the casino operator’s stock, valued at approximately $41,849,000. Las Vegas Sands accounts for 3.1% of Carrhae Capital LLP’s portfolio, making the stock its 17th largest holding. Carrhae Capital LLP owned approximately 0.14% of Las Vegas Sands as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LVS. American Century Companies Inc. boosted its holdings in shares of Las Vegas Sands by 69.3% in the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock worth $21,907,000 after buying an additional 232,091 shares during the last quarter. Northern Trust Corp increased its stake in shares of Las Vegas Sands by 0.4% in the 1st quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock worth $119,799,000 after purchasing an additional 12,593 shares in the last quarter. Ground Swell Capital LLC bought a new position in Las Vegas Sands in the 1st quarter worth $225,000. Everett Harris & Co. CA purchased a new position in Las Vegas Sands during the first quarter valued at $657,000. Finally, Jump Financial LLC lifted its position in Las Vegas Sands by 560.4% during the first quarter. Jump Financial LLC now owns 70,685 shares of the casino operator’s stock valued at $2,731,000 after purchasing an additional 59,982 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

LVS has been the subject of a number of analyst reports. UBS Group upped their price target on Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Zacks Research upgraded shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Las Vegas Sands in a report on Wednesday, October 8th. Bank of America increased their price objective on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Susquehanna lifted their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $64.13.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 700,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $58.88, for a total transaction of $41,216,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 1,200,000 shares of company stock worth $70,822,000. 1.20% of the stock is owned by corporate insiders.

Las Vegas Sands Trading Up 0.4%

Shares of LVS opened at $59.21 on Monday. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 1.21. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $59.66. The company has a 50 day simple moving average of $53.88 and a two-hundred day simple moving average of $47.97. The firm has a market cap of $40.04 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.7%. Las Vegas Sands’s payout ratio is presently 45.25%.

Las Vegas Sands Company Profile

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.