130,263 Shares in Las Vegas Sands Corp. $LVS Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 130,263 shares of the casino operator’s stock, valued at approximately $8,479,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock worth $2,902,000 after buying an additional 156 shares during the last quarter. Parallel Advisors LLC grew its stake in Las Vegas Sands by 7.8% during the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after buying an additional 177 shares during the last quarter. Alps Advisors Inc. grew its stake in Las Vegas Sands by 2.4% during the 3rd quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock worth $459,000 after buying an additional 197 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in Las Vegas Sands by 5.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock worth $266,000 after buying an additional 258 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in Las Vegas Sands by 4.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock worth $446,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.2%

Las Vegas Sands stock opened at $50.70 on Friday. Las Vegas Sands Corp. has a twelve month low of $40.03 and a twelve month high of $70.45. The stock has a 50 day moving average of $52.68 and a two-hundred day moving average of $57.40. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The stock has a market capitalization of $33.60 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.15 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, research analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 44.44%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LVS. Mizuho raised their price target on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Morgan Stanley raised their price target on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. HSBC raised their price target on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.91.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.