AXQ Capital LP Buys Shares of 9,254 Las Vegas Sands Corp. (NYSE:LVS)

AXQ Capital LP purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,254 shares of the casino operator’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. Wilmington Savings Fund Society FSB purchased a new position in Las Vegas Sands in the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Las Vegas Sands in the 4th quarter worth $26,000. UMB Bank n.a. raised its stake in shares of 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 last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Las Vegas Sands by 63.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator’s stock valued at $45,000 after purchasing an additional 342 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter valued at $47,000. Institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LVS. Macquarie boosted their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley cut their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.42.

Las Vegas Sands Stock Down 2.1 %

LVS stock opened at $41.98 on Friday. The business’s 50-day moving average price is $44.04 and its 200-day moving average price is $47.74. The stock has a market cap of $30.05 billion, a P/E ratio of 21.31, a PEG ratio of 1.41 and a beta of 1.07. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.61.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Monday, February 10th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

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.