Traders Sell Las Vegas Sands (LVS) on Strength (LVS)

Traders sold shares of Las Vegas Sands (NYSE:LVS) on strength during trading hours on Friday. $23.43 million flowed into the stock on the tick-up and $75.80 million flowed out of the stock on the tick-down, for a money net flow of $52.37 million out of the stock. Of all stocks tracked, Las Vegas Sands had the 3rd highest net out-flow for the day. Las Vegas Sands traded up $0.05 for the day and closed at $73.89

A number of brokerages have weighed in on LVS. Morgan Stanley lifted their price objective on Las Vegas Sands from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday. ValuEngine raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Zacks Investment Research lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Telsey Advisory Group began coverage on Las Vegas Sands in a report on Tuesday, March 13th. They issued a “market perform” rating and a $76.00 price objective on the stock. Finally, Roth Capital lifted their price objective on Las Vegas Sands from $69.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.35.

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The company has a market capitalization of $58,708.57, a P/E ratio of 24.31 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.09 and a quick ratio of 1.07.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.11. Las Vegas Sands had a return on equity of 33.90% and a net margin of 21.78%. The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. analysts anticipate that Las Vegas Sands will post 3.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 22nd were paid a $0.75 dividend. The ex-dividend date was Wednesday, March 21st. This represents a $3.00 dividend on an annualized basis and a yield of 4.06%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s dividend payout ratio is presently 98.68%.

In related news, COO Robert G. Goldstein sold 39,155 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $76.00, for a total value of $2,975,780.00. Following the sale, the chief operating officer now owns 39,155 shares of the company’s stock, valued at approximately $2,975,780. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Truewealth LLC purchased a new stake in Las Vegas Sands in the 4th quarter valued at approximately $130,000. Bessemer Group Inc. lifted its stake in Las Vegas Sands by 60.5% in the 4th quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock valued at $144,000 after buying an additional 779 shares in the last quarter. Independence Trust CO purchased a new stake in Las Vegas Sands in the 4th quarter valued at approximately $205,000. Steward Partners Investment Advisory LLC purchased a new stake in Las Vegas Sands in the 3rd quarter valued at approximately $198,000. Finally, AE Wealth Management LLC acquired a new position in Las Vegas Sands in the 4th quarter valued at $222,000. 38.65% of the stock is currently owned by hedge funds and other institutional investors.

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About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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