GAMMA Investing LLC Purchases 1,756 Shares of Las Vegas Sands Corp. (NYSE:LVS)

GAMMA Investing LLC grew its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 206.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,605 shares of the casino operator’s stock after purchasing an additional 1,756 shares during the period. GAMMA Investing LLC’s holdings in Las Vegas Sands were worth $134,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands in the third quarter valued at approximately $26,000. CVA Family Office LLC raised its position in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $34,000. Vestor Capital LLC bought a new position in shares of Las Vegas Sands in the 3rd quarter worth $43,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Las Vegas Sands during the third quarter worth $43,000. Institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LVS shares. Wells Fargo & Company increased their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Barclays increased their price target on shares of Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Mizuho boosted their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.25.

Las Vegas Sands Trading Down 0.7 %

LVS opened at $49.13 on Friday. The stock has a market capitalization of $35.62 billion, a P/E ratio of 24.32, a P/E/G ratio of 1.43 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.60. The firm’s fifty day simple moving average is $51.49 and its 200 day simple moving average is $46.52.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during 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 business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 203,732 shares of company stock valued at $10,861,707 in the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

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.