Y Intercept Hong Kong Ltd Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

Y Intercept Hong Kong Ltd purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 66,466 shares of the casino operator's stock, valued at approximately $3,346,000.

Several other hedge funds also recently modified their holdings of LVS. Empowered Funds LLC lifted its holdings in shares of Las Vegas Sands by 3.6% during the third quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock worth $305,000 after purchasing an additional 213 shares during the period. Raymond James Trust N.A. raised its position in Las Vegas Sands by 4.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock worth $255,000 after purchasing an additional 229 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after buying an additional 243 shares during the period. Signaturefd LLC grew its position in shares of Las Vegas Sands by 7.8% in the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator's stock valued at $177,000 after buying an additional 253 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its stake in shares of Las Vegas Sands by 2.2% in the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator's stock valued at $628,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LVS. Wells Fargo & Company upped their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Morgan Stanley lifted their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Mizuho increased their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Susquehanna raised their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

Las Vegas Sands Stock Down 0.5 %

Shares of LVS stock traded down $0.28 during trading hours on Tuesday, reaching $54.89. The company had a trading volume of 3,457,497 shares, compared to its average volume of 5,708,220. The company has a market cap of $39.80 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.60. The business has a fifty day simple moving average of $51.67 and a 200-day simple moving average of $45.36.

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 for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. On average, research analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.46%. Las Vegas Sands's dividend payout ratio (DPR) is presently 39.60%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders sold a total of 203,732 shares of company stock worth $10,861,707 in the last quarter. Insiders own 0.91% of the company's stock.

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.