Stephens Inc. AR Takes Position in Las Vegas Sands Corp. (NYSE:LVS)
Stephens Inc. AR purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) during the 1st quarter, HoldingsChannel reports. The fund purchased 15,423 shares of the casino operator’s stock, valued at approximately $599,000.
Several other hedge funds also recently modified their holdings of the company. Mutual of America Capital Management LLC increased its position in shares of Las Vegas Sands by 0.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 44,898 shares of the casino operator’s stock valued at $1,690,000 after purchasing an additional 285 shares during the period. Bessemer Group Inc. grew its holdings in shares of 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 acquiring an additional 404 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Las Vegas Sands by 43.0% in the 1st quarter. Clearstead Advisors LLC now owns 1,527 shares of the casino operator’s stock worth $59,000 after acquiring an additional 459 shares during the last quarter. Hudock Inc. grew its holdings in shares of Las Vegas Sands by 89.9% in the 1st quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock worth $41,000 after acquiring an additional 500 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of 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 acquiring an additional 501 shares during the last quarter. 34.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
LVS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $53.00 to $50.00 in a report on Tuesday, July 19th. Barclays lifted their target price on Las Vegas Sands from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, July 21st. Citigroup lifted their target price on Las Vegas Sands from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Morgan Stanley decreased their target price on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $42.00 to $44.00 in a research report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.38.
Las Vegas Sands Price Performance
LVS opened at $38.15 on Wednesday. The stock has a market cap of $29.15 billion, a price-to-earnings ratio of 16.73 and a beta of 1.25. Las Vegas Sands Corp. has a 1 year low of $28.88 and a 1 year 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. The stock has a fifty day moving average price of $34.76 and a 200 day moving average price of $37.73.Las Vegas Sands (NYSE:LVS – Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $949.40 million. Las Vegas Sands had a net margin of 45.39% and a negative return on equity of 31.93%. Las Vegas Sands’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.26) EPS. Analysts forecast that Las Vegas Sands Corp. will post -1.1 EPS for the current fiscal year.
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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