Suvretta Capital Management LLC Makes New $24.37 Million Investment in Las Vegas Sands Corp. (NYSE:LVS)

Suvretta Capital Management LLC acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 484,110 shares of the casino operator's stock, valued at approximately $24,370,000. Suvretta Capital Management LLC owned 0.07% of Las Vegas Sands as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LVS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Las Vegas Sands by 2.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator's stock valued at $133,876,000 after buying an additional 57,739 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Las Vegas Sands by 3.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 224,927 shares of the casino operator's stock valued at $11,323,000 after purchasing an additional 7,638 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Las Vegas Sands during the 3rd quarter valued at approximately $282,000. Bridgewater Associates LP raised its holdings in Las Vegas Sands by 33.9% during the 3rd quarter. Bridgewater Associates LP now owns 356,761 shares of the casino operator's stock worth $17,959,000 after purchasing an additional 90,285 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Las Vegas Sands by 1.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock worth $283,284,000 after purchasing an additional 77,807 shares during the period. 39.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares of the company's stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company's stock.

Las Vegas Sands Stock Up 3.3 %

Shares of NYSE LVS traded up $1.69 during mid-day trading on Friday, reaching $53.11. 4,739,186 shares of the company's stock traded hands, compared to its average volume of 5,751,168. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The business has a 50-day simple moving average of $50.77 and a 200 day simple moving average of $45.03. The stock has a market cap of $38.51 billion, a P/E ratio of 26.29, a PEG ratio of 1.36 and a beta of 1.11. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. Las Vegas Sands's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. On average, analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands's payout ratio is currently 39.60%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LVS. Stifel Nicolaus lifted their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Susquehanna raised their target price on Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research note on Wednesday, October 16th. Finally, UBS Group boosted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Las Vegas Sands 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.