WINTON GROUP Ltd Boosts Stake in Las Vegas Sands Corp. $LVS

WINTON GROUP Ltd boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 195.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,781 shares of the casino operator’s stock after purchasing an additional 124,951 shares during the period. WINTON GROUP Ltd’s holdings in Las Vegas Sands were worth $10,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Total Investment Management Inc. purchased a new stake in shares of Las Vegas Sands in the second quarter worth approximately $25,000. Westside Investment Management Inc. grew its position in 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 acquiring an additional 166 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Las Vegas Sands in the third quarter worth $33,000. Smartleaf Asset Management LLC increased its stake in Las Vegas Sands by 549.5% in the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after purchasing an additional 533 shares during the period. Finally, MAI Capital Management lifted its position in shares of 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 purchasing an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of research analyst reports. Barclays set a $64.00 price target on shares of Las Vegas Sands in a report on Thursday, January 29th. HSBC lifted their price objective on shares of Las Vegas Sands from $67.50 to $73.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wall Street Zen downgraded shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Monday, December 29th. Finally, UBS Group lifted their price target on shares of Las Vegas Sands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.55.

Las Vegas Sands Stock Down 2.6%

NYSE:LVS opened at $53.69 on Monday. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45. The company has a 50-day moving average of $58.72 and a 200 day moving average of $58.99. The firm has a market cap of $36.07 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.37 and a beta of 0.88. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.14 and a quick ratio of 1.13.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 28th. The casino operator reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Monday, February 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 9th. Las Vegas Sands’s payout ratio is presently 51.28%.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Miriam Adelson sold 77,991 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total value of $5,269,071.96. Following the sale, the insider owned 23,333,441 shares of the company’s stock, valued at $1,576,407,273.96. This trade represents a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,477,991 shares of company stock valued at $165,323,554. 1.20% of the stock is owned by company insiders.

About Las Vegas Sands

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.