Amundi Pioneer Asset Management Inc. boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 423.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 536,799 shares of the casino operator’s stock after acquiring an additional 434,308 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Las Vegas Sands were worth $37,302,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in Las Vegas Sands by 60.5% in the 4th quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after acquiring an additional 779 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in Las Vegas Sands in the 3rd quarter worth approximately $181,000. Independence Trust CO purchased a new stake in Las Vegas Sands in the 4th quarter worth approximately $205,000. Steward Partners Investment Advisory LLC purchased a new stake in Las Vegas Sands in the 3rd quarter worth approximately $198,000. Finally, Chase Investment Counsel Corp purchased a new stake in Las Vegas Sands in the 3rd quarter worth approximately $200,000. 38.15% of the stock is owned by hedge funds and other institutional investors.
Las Vegas Sands Corp. (LVS) opened at $76.47 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.22. The firm has a market cap of $60,210.00, a price-to-earnings ratio of 26.55 and a beta of 1.71. Las Vegas Sands Corp. has a 1-year low of $53.95 and a 1-year high of $79.84.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be issued a dividend of $0.75 per share. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 21st. This represents a $3.00 annualized dividend and a dividend yield of 3.92%. Las Vegas Sands’s payout ratio is presently 101.39%.
LVS has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 target price (up from $76.00) on shares of Las Vegas Sands in a research note on Thursday, January 25th. Jefferies Group reaffirmed a “hold” rating on shares of Las Vegas Sands in a research note on Thursday, January 25th. JPMorgan Chase & Co. lifted their price target on shares of Las Vegas Sands from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, January 17th. Finally, Barclays lifted their price target on shares of Las Vegas Sands to $85.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.54.
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Las Vegas Sands Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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