Polymer Capital Management HK LTD Makes New Investment in Las Vegas Sands Corp. $LVS

Polymer Capital Management HK LTD acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,000 shares of the casino operator’s stock, valued at approximately $831,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LVS. International Assets Investment Management LLC purchased a new position in shares of Las Vegas Sands during the fourth quarter worth about $26,000. DV Equities LLC purchased a new stake in Las Vegas Sands during the 4th quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Las Vegas Sands during the 4th quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB lifted its position in Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares during the period. Finally, IFP Advisors Inc lifted its position in Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $47.04 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The stock has a 50 day simple moving average of $46.69 and a 200-day simple moving average of $51.37. The company has a market cap of $30.47 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45.

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

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given 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 was Tuesday, August 4th. Las Vegas Sands’s payout ratio is presently 46.69%.

Wall Street Analyst Weigh In

LVS has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their target price on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. Mizuho lowered their price objective on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. HC Wainwright cut shares of Las Vegas Sands to a “neutral” rating in a research note on Thursday, July 30th. Finally, Citigroup cut their price objective on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.