Czech National Bank Takes Position in Las Vegas Sands Corp. (NYSE:LVS)
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Czech National Bank purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS - Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,177 shares of the casino operator's stock, valued at approximately $1,432,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Las Vegas Sands by 1.5% in the first quarter. Vanguard Group Inc. now owns 35,537,902 shares of the casino operator's stock valued at $1,381,358,000 after purchasing an additional 519,620 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Las Vegas Sands by 1.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 29,793,305 shares of the casino operator's stock worth $1,000,757,000 after buying an additional 440,770 shares during the last quarter. State Street Corp lifted its holdings in Las Vegas Sands by 2.9% during the 1st quarter. State Street Corp now owns 13,898,679 shares of the casino operator's stock worth $540,242,000 after buying an additional 394,616 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Las Vegas Sands by 13.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,409,500 shares of the casino operator's stock worth $114,525,000 after buying an additional 400,455 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Las Vegas Sands by 0.3% during the 2nd quarter. Northern Trust Corp now owns 3,087,088 shares of the casino operator's stock worth $103,695,000 after buying an additional 8,441 shares during the last quarter. Hedge funds and other institutional investors own 39.75% of the company's stock.
Las Vegas Sands Price Performance
LVS opened at $54.97 on Friday. The stock has a market cap of $42.01 billion, a price-to-earnings ratio of 22.44 and a beta of 1.13. Las Vegas Sands Corp. has a 1 year low of $28.88 and a 1 year high of $55.04. The company has a current ratio of 1.83, a quick ratio of 1.82 and a debt-to-equity ratio of 3.64. The stock has a fifty day moving average price of $46.75 and a 200 day moving average price of $40.60.
Las Vegas Sands (NYSE:LVS - Get Rating) last released its quarterly earnings data on Wednesday, October 19th. The casino operator reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Las Vegas Sands had a net margin of 46.94% and a negative return on equity of 25.33%. Las Vegas Sands's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.45) EPS. Analysts forecast that Las Vegas Sands Corp. will post -1.19 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have commented on LVS. Morgan Stanley started coverage on Las Vegas Sands in a report on Monday, November 21st. They set an "overweight" rating and a $49.00 target price on the stock. Citigroup raised their target price on Las Vegas Sands from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, October 20th. StockNews.com initiated coverage on Las Vegas Sands in a research report on Wednesday, October 12th. They set a "sell" rating on the stock. Stifel Nicolaus lifted their price target on Las Vegas Sands from $50.00 to $55.00 in a research report on Wednesday, December 7th. Finally, JPMorgan Chase & Co. raised their price objective on Las Vegas Sands from $44.00 to $51.00 and gave the stock an "overweight" rating in a research note on Monday, November 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.42.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.
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