Quantbot Technologies LP Invests $8.26 Million in Las Vegas Sands Corp. (LVS)

Quantbot Technologies LP bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 139,262 shares of the casino operator’s stock, valued at approximately $8,262,000. Las Vegas Sands accounts for approximately 0.6% of Quantbot Technologies LP’s portfolio, making the stock its 19th largest holding.

Several other large investors have also added to or reduced their stakes in LVS. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $126,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Las Vegas Sands during the second quarter worth about $135,000. Legacy Financial Advisors Inc. purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $156,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Las Vegas Sands by 126.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,794 shares of the casino operator’s stock worth $166,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $183,000. Hedge funds and other institutional investors own 37.21% of the company’s stock.

Several analysts recently issued reports on LVS shares. Goldman Sachs Group cut Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research report on Friday, October 19th. Zacks Investment Research cut Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Credit Suisse Group started coverage on Las Vegas Sands in a research report on Tuesday, August 14th. They set a “neutral” rating and a $72.00 target price for the company. Morgan Stanley set a $68.00 target price on Las Vegas Sands and gave the stock a “buy” rating in a research report on Thursday, October 25th. Finally, HSBC upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $74.03.

In related news, EVP Lawrence A. Jacobs sold 66,667 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the completion of the transaction, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at $4,063,353.65. The sale was disclosed in a filing with the SEC, which is available through this link. 10.20% of the stock is currently owned by corporate insiders.

Shares of Las Vegas Sands stock opened at $52.44 on Monday. Las Vegas Sands Corp. has a 12 month low of $48.64 and a 12 month high of $81.45. The company has a market cap of $39.76 billion, a P/E ratio of 17.39 and a beta of 1.59. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.93 and a quick ratio of 1.92.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). Las Vegas Sands had a net margin of 27.71% and a return on equity of 34.18%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.41 billion. Research analysts predict that Las Vegas Sands Corp. will post 3.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Monday, December 17th. Las Vegas Sands’s payout ratio is presently 98.68%.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

Further Reading: Fiduciary

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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