Cinctive Capital Management LP Acquires Shares of 126,359 Las Vegas Sands Corp. $LVS

Cinctive Capital Management LP acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 126,359 shares of the casino operator’s stock, valued at approximately $4,881,000.

Several other large investors have also bought and sold shares of the company. Empirical Finance LLC boosted its position in Las Vegas Sands by 4.8% during the 1st quarter. Empirical Finance LLC now owns 11,686 shares of the casino operator’s stock valued at $451,000 after acquiring an additional 532 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Las Vegas Sands by 2.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 22,870 shares of the casino operator’s stock valued at $883,000 after acquiring an additional 569 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Las Vegas Sands by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 40,250 shares of the casino operator’s stock valued at $1,554,000 after acquiring an additional 570 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Las Vegas Sands by 2.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 26,848 shares of the casino operator’s stock valued at $1,037,000 after acquiring an additional 614 shares in the last quarter. Finally, Comerica Bank boosted its position in Las Vegas Sands by 1.0% during the 4th quarter. Comerica Bank now owns 64,615 shares of the casino operator’s stock valued at $3,319,000 after acquiring an additional 671 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Price Performance

Shares of LVS opened at $55.35 on Thursday. The firm has a market cap of $37.99 billion, a PE ratio of 27.95, a P/E/G ratio of 2.18 and a beta of 1.04. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The firm has a fifty day simple moving average of $51.66 and a two-hundred day simple moving average of $44.03. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $58.05.

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

Las Vegas Sands Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LVS shares. Mizuho boosted their price target on Las Vegas Sands from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Argus raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, July 28th. Morgan Stanley boosted their price target on Las Vegas Sands from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Barclays boosted their price target on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Bank of America boosted their price target on Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

About Las Vegas Sands

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.