Convergence Investment Partners LLC increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,907 shares of the casino operator’s stock after purchasing an additional 2,278 shares during the period. Convergence Investment Partners LLC’s holdings in Las Vegas Sands were worth $2,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stephens Inc. AR increased its stake in shares of Las Vegas Sands by 0.7% in the second quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock worth $280,000 after buying an additional 31 shares during the period. Toronto Dominion Bank boosted its holdings in Las Vegas Sands by 0.4% in the second quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after acquiring an additional 94 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Las Vegas Sands by 2.1% in the second quarter. Nordea Investment Management AB now owns 14,515 shares of the casino operator’s stock valued at $927,000 after acquiring an additional 299 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Las Vegas Sands by 6.7% in the second quarter. Advisory Services Network LLC now owns 5,245 shares of the casino operator’s stock valued at $335,000 after acquiring an additional 329 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its holdings in Las Vegas Sands by 4.4% in the second quarter. Stonebridge Capital Advisors LLC now owns 12,973 shares of the casino operator’s stock valued at $829,000 after acquiring an additional 550 shares in the last quarter. 37.45% of the stock is currently owned by institutional investors.

In other Las Vegas Sands news, Director George Jamieson bought 1,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the acquisition, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 10.10% of the company’s stock.

LVS has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $76.00 price target on shares of Las Vegas Sands in a report on Tuesday, January 9th. Barclays lifted their price target on shares of Las Vegas Sands from $69.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 7th. Morgan Stanley upgraded shares of Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 price target on the stock in a report on Monday, November 6th. Finally, Gabelli lifted their price target on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $66.19.

Shares of Las Vegas Sands Corp. (LVS) opened at $72.67 on Wednesday. Las Vegas Sands Corp. has a fifty-two week low of $51.35 and a fifty-two week high of $73.98. The company has a market cap of $57,440.00, a price-to-earnings ratio of 27.42 and a beta of 1.80. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. sell-side analysts forecast that Las Vegas Sands Corp. will post 2.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 110.19%.

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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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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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