Arrowstreet Capital Limited Partnership Purchases Shares of 9,468 Las Vegas Sands Corp. (NYSE:LVS)

Arrowstreet Capital Limited Partnership acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,468 shares of the casino operator's stock, valued at approximately $486,000.

Several other large investors also recently modified their holdings of LVS. Fisher Asset Management LLC boosted its position in shares of Las Vegas Sands by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock valued at $709,300,000 after acquiring an additional 160,711 shares during the period. Bank of New York Mellon Corp raised its stake in Las Vegas Sands by 13.5% in the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock worth $598,988,000 after purchasing an additional 1,389,963 shares in the last quarter. ARGA Investment Management LP boosted its holdings in Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after purchasing an additional 1,577,042 shares during the period. Norges Bank acquired a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $216,571,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Las Vegas Sands by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,138,062 shares of the casino operator's stock worth $109,811,000 after purchasing an additional 46,608 shares during the period. 39.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LVS. Morgan Stanley reduced their price target on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Citigroup raised their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Macquarie increased their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Barclays lowered their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of "Moderate Buy" and an average target price of $59.42.

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Las Vegas Sands Trading Up 1.8 %

NYSE:LVS traded up $0.59 during mid-day trading on Tuesday, hitting $32.71. 6,216,176 shares of the company's stock were exchanged, compared to its average volume of 6,100,417. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The company has a 50 day simple moving average of $40.86 and a 200-day simple moving average of $46.96. The firm has a market capitalization of $23.11 billion, a P/E ratio of 16.60, a PEG ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio is currently 50.76%.

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.