Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Xponance Inc.
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Xponance Inc. raised its stake in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 3.3% in the first quarter, HoldingsChannel.com reports. The fund owned 58,592 shares of the casino operator’s stock after buying an additional 1,874 shares during the quarter. Xponance Inc.’s holdings in Las Vegas Sands were worth $2,277,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Mizuho Securities Co. Ltd. bought a new stake in shares of Las Vegas Sands during the first quarter valued at approximately $39,000. Desjardins Global Asset Management Inc. bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at approximately $40,000. Confluence Wealth Services Inc. bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at approximately $40,000. Bessemer Group Inc. raised its holdings in shares of Las Vegas Sands by 54.7% during the fourth quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock valued at $43,000 after buying an additional 404 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Las Vegas Sands by 140.2% during the fourth quarter. First Horizon Advisors Inc. now owns 1,554 shares of the casino operator’s stock valued at $57,000 after buying an additional 907 shares during the last quarter. Institutional investors own 34.33% of the company’s stock.
NYSE LVS opened at $35.28 on Friday. The stock has a market capitalization of $26.96 billion, a P/E ratio of 14.64 and a beta of 1.28. Las Vegas Sands Corp. has a 1 year low of $28.88 and a 1 year high of $53.25. The business’s fifty day moving average is $33.80 and its two-hundred day moving average is $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 (NYSE:LVS – Get Rating) last posted its quarterly earnings data 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). Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The firm had revenue of $943.00 million for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. The company’s revenue for the quarter was down 21.2% on a year-over-year basis. On average, research analysts forecast that Las Vegas Sands Corp. will post -0.68 earnings per share for the current year.A number of equities research analysts have recently weighed in on LVS shares. Deutsche Bank Aktiengesellschaft cut their price target on Las Vegas Sands from $60.00 to $53.00 in a report on Thursday, April 28th. Barclays assumed coverage on Las Vegas Sands in a report on Tuesday, June 28th. They set an “overweight” rating and a $39.00 target price on the stock. Stifel Nicolaus dropped their target price on Las Vegas Sands from $56.00 to $46.00 in a report on Thursday, April 28th. StockNews.com raised Las Vegas Sands to a “sell” rating in a report on Tuesday, May 10th. Finally, UBS Group set a $42.00 target price on 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.46.
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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