Caxton Associates LLP Takes $774,000 Position in Las Vegas Sands Corp. $LVS

Key Points

• Caxton Associates LLP has acquired 20,037 shares of Las Vegas Sands Corp., valued at approximately $774,000, during the first quarter, according to a recent SEC filing.
• Las Vegas Sands reported a quarterly EPS of $0.79, exceeding estimates and showing a year-over-year revenue increase of 15.0% to $3.18 billion.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annual yield of 1.8%.

Caxton Associates LLP acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 20,037 shares of the casino operator's stock, valued at approximately $774,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. boosted its stake in shares of Las Vegas Sands by 18.6% in the 4th quarter. Baird Financial Group Inc. now owns 5,215 shares of the casino operator's stock valued at $268,000 after purchasing an additional 818 shares in the last quarter. Cetera Investment Advisers raised its position in Las Vegas Sands by 14.3% in the fourth quarter. Cetera Investment Advisers now owns 24,757 shares of the casino operator's stock valued at $1,272,000 after purchasing an additional 3,101 shares during the last quarter. Focus Partners Wealth raised its holdings in Las Vegas Sands by 4.7% in the 4th quarter. Focus Partners Wealth now owns 29,955 shares of the casino operator's stock valued at $1,539,000 after buying an additional 1,356 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Las Vegas Sands by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,833 shares of the casino operator's stock valued at $1,481,000 after acquiring an additional 1,120 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Las Vegas Sands by 19.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 15,689 shares of the casino operator's stock valued at $806,000 after acquiring an additional 2,602 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Stock Performance

LVS stock traded down $1.18 during trading on Friday, reaching $53.53. The stock had a trading volume of 5,880,928 shares, compared to its average volume of 4,275,207. The stock's 50 day moving average is $52.79 and its two-hundred day moving average is $44.51. The firm has a market cap of $36.75 billion, a PE ratio of 27.04, a PEG ratio of 1.99 and a beta of 1.04. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $58.05. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 annualized dividend and a yield of 1.9%. Las Vegas Sands's dividend payout ratio (DPR) is 50.51%.

Analyst Ratings Changes

Several research firms have recently weighed in on LVS. Susquehanna lowered their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a research report on Monday, July 21st. Barclays lifted their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Mizuho lifted their price objective on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Macquarie upped their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Las Vegas Sands has an average rating of "Moderate Buy" and a consensus price target of $59.47.

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.