45,000 Shares in Las Vegas Sands Corp. (NYSE:LVS) Acquired by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,000 shares of the casino operator's stock, valued at approximately $2,311,000.

Several other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in shares of Las Vegas Sands by 26.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 155,217 shares of the casino operator's stock valued at $7,972,000 after buying an additional 32,168 shares in the last quarter. Aviva PLC grew its holdings in Las Vegas Sands by 1.3% during the 4th quarter. Aviva PLC now owns 35,623 shares of the casino operator's stock worth $1,830,000 after acquiring an additional 457 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Las Vegas Sands in the 4th quarter valued at about $5,407,000. Huntington National Bank raised its stake in shares of Las Vegas Sands by 64.1% in the fourth quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock worth $59,000 after acquiring an additional 446 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Las Vegas Sands by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,192,285 shares of the casino operator's stock worth $61,236,000 after purchasing an additional 10,544 shares in the last quarter. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Trading Up 0.4 %

LVS traded up $0.11 during mid-day trading on Friday, hitting $31.83. The stock had a trading volume of 2,123,511 shares, compared to its average volume of 6,059,460. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $56.61. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The stock's fifty day simple moving average is $41.34 and its 200-day simple moving average is $47.20.

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Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. As a group, research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.76%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Macquarie boosted their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and raised their price target for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Barclays dropped their price objective on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley reduced their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.42.

About Las Vegas Sands

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.