DNB Asset Management AS Sells 8,794 Shares of Las Vegas Sands Corp. (NYSE:LVS)
DNB Asset Management AS decreased its position in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 17.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,920 shares of the casino operator’s stock after selling 8,794 shares during the quarter. DNB Asset Management AS’s holdings in Las Vegas Sands were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in Las Vegas Sands by 1.2% in the 4th quarter. IFP Advisors Inc now owns 23,472 shares of the casino operator’s stock worth $885,000 after buying an additional 271 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Las Vegas Sands by 0.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 44,898 shares of the casino operator’s stock worth $1,690,000 after buying an additional 285 shares during the last quarter. K.J. Harrison & Partners Inc lifted its position in Las Vegas Sands by 3.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,800 shares of the casino operator’s stock worth $369,000 after buying an additional 300 shares during the last quarter. Bessemer Group Inc. lifted its position in Las Vegas Sands by 54.7% in the 4th quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock worth $43,000 after buying an additional 404 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Las Vegas Sands by 2.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,573 shares of the casino operator’s stock worth $774,000 after buying an additional 501 shares during the last quarter. Institutional investors own 34.33% of the company’s stock.
A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Las Vegas Sands from $60.00 to $53.00 in a research report on Thursday, April 28th. Morgan Stanley decreased their price target on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. UBS Group set a $42.00 price target on Las Vegas Sands in a research note on Monday, June 20th. StockNews.com raised Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Finally, Stifel Nicolaus decreased their price target on Las Vegas Sands from $56.00 to $46.00 in a research note on Thursday, April 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.25.
LVS opened at $33.43 on Friday. The stock has a market capitalization of $25.54 billion, a PE ratio of 13.87 and a beta of 1.28. The stock’s 50 day moving average price is $34.14 and its 200-day moving average price is $38.07. Las Vegas Sands Corp. has a 52-week low of $28.88 and a 52-week high of $53.56. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.13 and a current ratio of 3.14.Las Vegas Sands (NYSE:LVS – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $943.00 million during the quarter, compared to analysts’ expectations of $1.13 billion. Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. Las Vegas Sands’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.25) earnings per share. Research analysts forecast that Las Vegas Sands Corp. will post -0.64 EPS for the current fiscal year.
Las Vegas Sands Profile (Get Rating)
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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