Caerus Investment Advisors LLC Boosts Stock Position in Las Vegas Sands Corp. $LVS

Caerus Investment Advisors LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 313.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,923 shares of the casino operator’s stock after buying an additional 12,825 shares during the quarter. Caerus Investment Advisors LLC’s holdings in Las Vegas Sands were worth $1,102,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LVS. Wealthfront Advisers LLC grew its holdings in shares of Las Vegas Sands by 40.6% during the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock worth $4,390,000 after purchasing an additional 19,488 shares during the last quarter. Perpetual Ltd purchased a new position in Las Vegas Sands during the 4th quarter worth approximately $2,051,000. Crossmark Global Holdings Inc. increased its position in Las Vegas Sands by 411.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock worth $2,877,000 after buying an additional 35,566 shares during the period. SG Americas Securities LLC increased its position in Las Vegas Sands by 2,655.3% during the fourth quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock worth $57,150,000 after buying an additional 846,155 shares during the period. Finally, Swiss Life Asset Management Ltd increased its position in Las Vegas Sands by 116.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after buying an additional 79,641 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $50.57 on Friday. Las Vegas Sands Corp. has a 12 month low of $40.03 and a 12 month high of $70.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The business has a 50 day simple moving average of $52.76 and a 200-day simple moving average of $57.45. The stock has a market capitalization of $33.51 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. Equities analysts predict that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 44.44%.

Analyst Upgrades and Downgrades

LVS has been the topic of several research analyst reports. Weiss Ratings lowered Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. cut their price target on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Seaport Research Partners cut their price target on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Barclays boosted their price target on Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Insider Buying and Selling

In related news, CEO Patrick Dumont sold 60,165 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer owned 511,942 shares in the company, valued at $28,028,824.50. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.

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.