Cinctive Capital Management LP Takes $4.88 Million Position in Las Vegas Sands Corp. $LVS

Key Points

• Cinctive Capital Management LP has acquired 126,359 shares of Las Vegas Sands Corp., valued at approximately $4,881,000, during the first quarter, highlighting increasing institutional investment in the company.
• Las Vegas Sands reported earnings of $0.79 per share for the quarter, exceeding analysts' expectations, with revenue reaching $3.18 billion, a 15% increase from the previous year.
• The company recently declared a $0.25 quarterly dividend, which represents an annualized dividend yield of 1.8% and a payout ratio of 50.51%, indicating a commitment to returning value to shareholders.

Cinctive Capital Management LP bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 126,359 shares of the casino operator's stock, valued at approximately $4,881,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LVS. Janus Henderson Group PLC increased its position in shares of Las Vegas Sands by 55.7% during the fourth quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator's stock worth $730,295,000 after acquiring an additional 5,088,095 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Las Vegas Sands in the first quarter worth $183,836,000. Vanguard Group Inc. lifted its holdings in shares of Las Vegas Sands by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator's stock valued at $1,593,457,000 after buying an additional 2,267,307 shares during the last quarter. ARGA Investment Management LP boosted its position in Las Vegas Sands by 12.9% during the first quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator's stock worth $283,644,000 after purchasing an additional 841,195 shares during the period. Finally, Invesco Ltd. grew its holdings in Las Vegas Sands by 9.1% in the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator's stock valued at $364,775,000 after buying an additional 790,952 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Trading Up 0.8%

Las Vegas Sands stock traded up $0.41 during midday trading on Tuesday, reaching $54.16. The stock had a trading volume of 2,378,321 shares, compared to its average volume of 5,560,258. The company has a fifty day moving average of $52.28 and a 200 day moving average of $44.24. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $58.05. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The firm has a market cap of $37.17 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04.

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

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

LVS has been the subject of a number of recent research reports. Citigroup reissued a "buy" rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Susquehanna decreased their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a report on Monday, July 21st. Macquarie raised their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Bank of America increased their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target on Las Vegas Sands from $47.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.00.

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.