9,288 Shares in Las Vegas Sands Corp. $LVS Bought by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC acquired a new stake in Las Vegas Sands Corp., purchasing 9,288 shares valued at approximately $359,000 during the 1st quarter.
• Multiple hedge funds, including Comerica Bank and Ameriprise Financial, have also adjusted their stakes in Las Vegas Sands, reflecting increased institutional interest in the company.
• Las Vegas Sands reported a quarterly earnings per share of $0.79, exceeding analysts' expectations, along with a dividend announcement yielding a 1.7% return.

Magnetar Financial LLC purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,288 shares of the casino operator's stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Center for Financial Planning Inc. acquired a new stake in Las Vegas Sands during the first quarter worth approximately $42,000. Farther Finance Advisors LLC lifted its position in Las Vegas Sands by 133.1% during the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after acquiring an additional 856 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Las Vegas Sands during the first quarter worth approximately $127,000. Golden State Wealth Management LLC lifted its position in Las Vegas Sands by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock worth $139,000 after acquiring an additional 1,822 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in Las Vegas Sands during the first quarter worth approximately $153,000. Institutional investors own 39.16% of the company's stock.

Analyst Upgrades and Downgrades

LVS has been the subject of several research reports. Bank of America raised their price objective on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Mizuho lifted their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. The Goldman Sachs Group started coverage on shares of Las Vegas Sands in a research report on Monday, July 7th. They issued a "neutral" rating and a $52.00 price target for the company. Finally, Barclays lifted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

Las Vegas Sands Price Performance

NYSE:LVS traded down $1.40 during mid-day trading on Friday, reaching $53.71. The stock had a trading volume of 5,133,708 shares, compared to its average volume of 3,936,431. The stock has a 50-day simple moving average of $52.08 and a two-hundred day simple moving average of $44.18. The stock has a market capitalization of $36.87 billion, a PE ratio of 27.13, a P/E/G ratio of 2.01 and a beta of 1.04. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. The business 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 firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's payout ratio is presently 50.51%.

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.