Parcion Private Wealth LLC Invests $591,000 in Las Vegas Sands Corp. $LVS

by · The Cerbat Gem

Parcion Private Wealth LLC acquired a new position in Las Vegas Sands Corp. (NYSE:LVSFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,082 shares of the casino operator’s stock, valued at approximately $591,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Las Vegas Sands by 43.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after buying an additional 1,660,823 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after buying an additional 4,154,753 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Las Vegas Sands by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,723,494 shares of the casino operator’s stock valued at $200,335,000 after buying an additional 187,389 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Las Vegas Sands by 64.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,819,128 shares of the casino operator’s stock worth $151,641,000 after acquiring an additional 1,105,630 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Las Vegas Sands by 0.9% during the 3rd quarter. Legal & General Group Plc now owns 1,822,120 shares of the casino operator’s stock worth $98,012,000 after acquiring an additional 16,674 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $56.67 on Friday. The firm has a fifty day simple moving average of $55.15 and a two-hundred day simple moving average of $58.83. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 7.58. Las Vegas Sands Corp. has a twelve month low of $32.13 and a twelve month high of $70.45. The company has a market capitalization of $37.61 billion, a PE ratio of 24.22, a P/E/G ratio of 1.42 and a beta of 0.89.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. Research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Monday, February 9th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, February 9th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio is 51.28%.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

Key Stories Impacting Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

Analysts Set New Price Targets

A number of research analysts recently commented on LVS shares. Citigroup increased their target price on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research note on Monday. Seaport Research Partners dropped their price target on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $61.00 price objective (down from $72.00) on shares of Las Vegas Sands in a report on Monday, April 6th. HSBC increased their price objective on Las Vegas Sands from $67.50 to $73.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen downgraded Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.84.

Read Our Latest Stock Analysis on Las Vegas Sands

Las Vegas Sands Company Profile

(Free Report)

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.

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