Polymer Capital Management HK LTD Buys Shares of 18,000 Las Vegas Sands Corp. $LVS

Polymer Capital Management HK LTD purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, HoldingsChannel.com reports. The fund purchased 18,000 shares of the casino operator’s stock, valued at approximately $831,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LVS. International Assets Investment Management LLC acquired a new position in Las Vegas Sands during the fourth quarter worth $26,000. DV Equities LLC acquired a new stake in Las Vegas Sands in the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Las Vegas Sands in the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB grew its holdings in Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Activest Wealth Management increased its position in shares of Las Vegas Sands by 1,208.0% in the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock valued at $43,000 after buying an additional 604 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Up 0.0%

Shares of NYSE:LVS opened at $47.04 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The company has a market capitalization of $30.47 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.16 and a beta of 0.85. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The stock’s fifty day simple moving average is $46.69 and its 200-day simple moving average is $51.37.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America cut their price target on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Citigroup dropped their target price on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a report on Friday, July 10th. HC Wainwright cut shares of Las Vegas Sands to a “neutral” rating in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings lowered shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.88.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.