Harvest Fund Management Co. Ltd Takes Position in Las Vegas Sands Corp. (NYSE:LVS)

Harvest Fund Management Co. Ltd purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,082 shares of the casino operator’s stock, valued at approximately $56,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its holdings in shares of Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after purchasing an additional 5,612,975 shares in the last quarter. ARGA Investment Management LP lifted its stake in Las Vegas Sands by 32.0% during 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 acquiring an additional 1,577,042 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Las Vegas Sands by 13.5% during 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 acquiring an additional 1,389,963 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Las Vegas Sands in the 4th quarter worth $55,221,000. Finally, Suvretta Capital Management LLC purchased a new stake in shares of Las Vegas Sands in the third quarter valued at about $24,370,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays reduced 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. JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Citigroup raised their target price on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $41.98 on Monday. The firm’s 50 day moving average is $44.04 and its 200 day moving average is $47.80. The stock has a market capitalization of $30.05 billion, a P/E ratio of 21.31, a PEG ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.61. 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 (NYSE:LVS) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.38%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is currently 50.76%.

Las Vegas Sands Company 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.