Flagship Harbor Advisors LLC Invests $266,000 in Las Vegas Sands Corp. $LVS

Flagship Harbor Advisors LLC purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,107 shares of the casino operator’s stock, valued at approximately $266,000.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth approximately $43,000. Hilltop National Bank bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth approximately $44,000. UMB Bank n.a. boosted its position in shares of Las Vegas Sands by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after purchasing an additional 476 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Las Vegas Sands by 21.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 700,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $58.88, for a total value of $41,216,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 1,200,000 shares of company stock valued at $70,822,000 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Las Vegas Sands Stock Performance

LVS stock opened at $59.21 on Friday. The company has a market cap of $40.04 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 1.21. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $59.66. The stock’s fifty day moving average price is $53.88 and its 200-day moving average price is $47.86.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. Las Vegas Sands’s revenue was up 24.2% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Las Vegas Sands’s dividend payout ratio is currently 45.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LVS shares. Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Citigroup reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Bank of America upped their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Stifel Nicolaus upped their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.13.

Las Vegas Sands 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.