Hudson Bay Capital Management LP Sells 161,214 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Hudson Bay Capital Management LP cut its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 68.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,020 shares of the casino operator's stock after selling 161,214 shares during the quarter. Hudson Bay Capital Management LP's holdings in Las Vegas Sands were worth $3,853,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its position in Las Vegas Sands by 3.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock worth $334,000 after purchasing an additional 231 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Las Vegas Sands by 45.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock worth $39,000 after purchasing an additional 238 shares during the period. UMB Bank n.a. lifted its position in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after purchasing an additional 247 shares during the period. E Fund Management Co. Ltd. lifted its position in Las Vegas Sands by 4.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator's stock worth $287,000 after purchasing an additional 250 shares during the period. Finally, RiverFront Investment Group LLC lifted its position in Las Vegas Sands by 2.6% in the fourth quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator's stock worth $527,000 after purchasing an additional 257 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Morgan Stanley cut their price objective on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Barclays cut their price objective on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus set a $57.00 price objective on Las Vegas Sands and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Hsbc Global Res upgraded Las Vegas Sands to a "strong-buy" rating in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.75.

Las Vegas Sands Stock Down 0.7%

NYSE LVS traded down $0.31 during trading on Thursday, hitting $42.11. 4,562,364 shares of the company traded hands, compared to its average volume of 6,123,582. The company has a market capitalization of $29.76 billion, a P/E ratio of 21.38, a PEG ratio of 1.41 and a beta of 0.99. The business has a fifty day simple moving average of $37.78 and a 200 day simple moving average of $44.76. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $56.61. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, May 6th. Las Vegas Sands's dividend payout ratio is 55.56%.

Las Vegas Sands declared that its Board of Directors has approved a share repurchase program on Wednesday, April 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the casino operator to buy up to 8.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.