AM Squared Ltd Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

AM Squared Ltd bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 62,500 shares of the casino operator's stock, valued at approximately $3,076,000. Las Vegas Sands accounts for approximately 6.3% of AM Squared Ltd's portfolio, making the stock its 4th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Rakuten Securities Inc. acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $65,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Las Vegas Sands by 18.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 227,478 shares of the casino operator's stock worth $11,194,000 after purchasing an additional 34,952 shares during the last quarter. Waldron Private Wealth LLC lifted its holdings in Las Vegas Sands by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator's stock worth $608,000 after purchasing an additional 232 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $206,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Las Vegas Sands by 7.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 822,307 shares of the casino operator's stock worth $40,466,000 after purchasing an additional 55,679 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LVS has been the subject of several research reports. StockNews.com raised Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Wednesday, April 10th. Barclays lifted their price target on Las Vegas Sands from $57.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, April 10th. Morgan Stanley lifted their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, April 9th. Finally, Mizuho initiated coverage on Las Vegas Sands in a report on Tuesday, March 26th. They issued a "buy" rating and a $70.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.37.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares of the company's stock, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock traded down $0.28 during trading on Wednesday, reaching $50.23. 9,065,845 shares of the company's stock were exchanged, compared to its average volume of 4,381,070. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. Las Vegas Sands Corp. has a 1-year low of $43.77 and a 1-year high of $65.58. The company has a market cap of $37.74 billion, a P/E ratio of 31.39, a PEG ratio of 0.81 and a beta of 1.16. The firm's 50-day moving average price is $52.37 and its 200 day moving average price is $49.62.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The company had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. Las Vegas Sands's revenue was up 34.9% on a year-over-year basis. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.73 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, February 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.59%. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.00%.

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.