Columbus Hill Capital Management L.P. Buys Shares of 65,681 Las Vegas Sands Corp. (NYSE:LVS)

Columbus Hill Capital Management L.P. 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 65,681 shares of the casino operator’s stock, valued at approximately $2,906,000. Las Vegas Sands makes up about 0.6% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank & Trust Co bought a new position in shares of Las Vegas Sands during the second quarter valued at $29,000. Accent Capital Management LLC bought a new stake in Las Vegas Sands during the 4th quarter valued at about $39,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands in the first quarter worth approximately $43,000. Finally, Parallel Advisors LLC grew its holdings in shares of Las Vegas Sands by 54.8% during the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after buying an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LVS. Susquehanna cut their target price on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, July 25th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, UBS Group lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $49.00 in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.25.

Las Vegas Sands Trading Down 0.3 %

Shares of Las Vegas Sands stock opened at $41.98 on Friday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The company’s fifty day simple moving average is $40.02 and its 200-day simple moving average is $44.63. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market capitalization of $31.28 billion, a PE ratio of 20.28, a P/E/G ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the business posted $0.46 earnings per share. Las Vegas Sands’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.46 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. Las Vegas Sands’s payout ratio is currently 38.65%.

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.