Fifth Third Bancorp Acquires 11,528 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Fifth Third Bancorp boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,303 shares of the casino operator’s stock after purchasing an additional 11,528 shares during the period. Fifth Third Bancorp’s holdings in Las Vegas Sands were worth $3,860,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital World Investors increased its holdings in shares of Las Vegas Sands by 74.1% during the fourth quarter. Capital World Investors now owns 34,255,198 shares of the casino operator’s stock worth $1,289,366,000 after buying an additional 14,576,547 shares in the last quarter. State Street Corp increased its holdings in shares of Las Vegas Sands by 3.8% during the fourth quarter. State Street Corp now owns 13,504,063 shares of the casino operator’s stock worth $508,293,000 after buying an additional 488,325 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Las Vegas Sands by 15.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,835,528 shares of the casino operator’s stock worth $332,570,000 after buying an additional 1,202,622 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Las Vegas Sands by 2.7% during the fourth quarter. Invesco Ltd. now owns 8,701,651 shares of the casino operator’s stock worth $327,530,000 after buying an additional 225,742 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Las Vegas Sands by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,246,346 shares of the casino operator’s stock worth $196,854,000 after buying an additional 141,127 shares in the last quarter. Hedge funds and other institutional investors own 34.33% of the company’s stock.
Several analysts have recently weighed in on LVS shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $60.00 to $53.00 in a report on Thursday, April 28th. Morgan Stanley lowered their price target on shares of Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Stifel Nicolaus lowered their price target on shares of Las Vegas Sands from $56.00 to $46.00 in a report on Thursday, April 28th. Barclays assumed coverage on shares of Las Vegas Sands in a report on Tuesday, June 28th. They issued an “overweight” rating and a $39.00 price target for the company. Finally, UBS Group set a $42.00 price target on shares of Las Vegas Sands in a report on Monday, June 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Hold” and a consensus price target of $48.46.
LVS opened at $35.28 on Friday. The company has a fifty day moving average price of $33.80 and a two-hundred day moving average price of $37.96. 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 Corp. has a 52 week low of $28.88 and a 52 week high of $53.25. The firm has a market capitalization of $26.96 billion, a PE ratio of 14.64 and a beta of 1.28.Las Vegas Sands (NYSE:LVS – Get Rating) last released its earnings results on Wednesday, April 27th. The casino operator reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The business had revenue of $943.00 million for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm posted ($0.25) EPS. Las Vegas Sands’s revenue was down 21.2% on a year-over-year basis. Equities analysts forecast that Las Vegas Sands Corp. will post -0.68 EPS for the current 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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