Scotia Capital Inc. Has $437,000 Position in Las Vegas Sands Corp. (NYSE:LVS)
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Scotia Capital Inc. trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 22.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,242 shares of the casino operator’s stock after selling 3,219 shares during the quarter. Scotia Capital Inc.’s holdings in Las Vegas Sands were worth $437,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Mizuho Securities Co. Ltd. acquired a new position in shares of Las Vegas Sands in the first quarter valued at approximately $39,000. Hudock Inc. boosted its holdings in Las Vegas Sands by 89.9% in the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock valued at $41,000 after acquiring an additional 500 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in Las Vegas Sands in the fourth quarter valued at approximately $40,000. Clearstead Advisors LLC boosted its holdings in shares of Las Vegas Sands by 43.0% during the 1st quarter. Clearstead Advisors LLC now owns 1,527 shares of the casino operator’s stock worth $59,000 after buying an additional 459 shares in the last quarter. Finally, Tyler Stone Wealth Management bought a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $58,000. Institutional investors own 34.33% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. UBS Group set a $42.00 price target on Las Vegas Sands in a report on Monday, June 20th. Stifel Nicolaus increased their price target on Las Vegas Sands from $46.00 to $50.00 in a report on Thursday, July 21st. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $42.00 to $44.00 in a report on Thursday, July 21st. Wells Fargo & Company upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $43.00 to $45.00 in a report on Thursday, July 21st. Finally, Citigroup increased their price target on Las Vegas Sands from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.38.
Las Vegas Sands Trading Up 2.6 %
NYSE LVS opened at $38.67 on Monday. The firm has a market capitalization of $29.55 billion, a P/E ratio of 16.96 and a beta of 1.25. The business has a fifty day simple moving average of $35.31 and a 200 day simple moving average of $37.36. Las Vegas Sands Corp. has a 12 month low of $28.88 and a 12 month high of $48.27. The company has a current ratio of 3.35, a quick ratio of 3.33 and a debt-to-equity ratio of 3.63.Las Vegas Sands (NYSE:LVS – Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The casino operator reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $949.40 million. Las Vegas Sands had a net margin of 45.39% and a negative return on equity of 31.93%. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) earnings per share. On average, analysts predict that Las Vegas Sands Corp. will post -1.1 EPS for the current fiscal year.
Las Vegas Sands 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.
