Wedbush Securities Inc. Sells 3,980 Shares of Las Vegas Sands Corp. (NYSE:LVS)
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Wedbush Securities Inc. lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 35.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,282 shares of the casino operator’s stock after selling 3,980 shares during the period. Wedbush Securities Inc.’s holdings in Las Vegas Sands were worth $283,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in LVS. Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands in the 1st quarter valued at $39,000. Desjardins Global Asset Management Inc. purchased a new stake in shares of Las Vegas Sands in the 4th quarter worth $40,000. Confluence Wealth Services Inc. purchased a new stake in shares of Las Vegas Sands in the 4th quarter worth $40,000. Bessemer Group Inc. lifted 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 buying an additional 404 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Las Vegas Sands by 140.2% in the 4th quarter. First Horizon Advisors Inc. now owns 1,554 shares of the casino operator’s stock worth $57,000 after buying an additional 907 shares during the period. 34.33% of the stock is currently owned by institutional investors.
Las Vegas Sands stock opened at $34.76 on Wednesday. The stock has a 50-day moving average of $33.78 and a two-hundred day moving average 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 one year low of $28.88 and a one year high of $53.13. The stock has a market cap of $26.56 billion, a PE ratio of 14.42 and a beta of 1.24.
Las Vegas Sands (NYSE:LVS – Get Rating) last released its quarterly 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). The business had revenue of $943.00 million during the quarter, compared to analysts’ expectations of $1.13 billion. Las Vegas Sands had a net margin of 46.40% and a negative return on equity of 33.07%. The company’s quarterly revenue was down 21.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) earnings per share. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post -0.68 EPS for the current fiscal year.Several brokerages have weighed in on LVS. StockNews.com upgraded Las Vegas Sands to a “sell” rating in a report on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $60.00 to $53.00 in a report on Thursday, April 28th. Morgan Stanley lowered their target price on 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 decreased their price objective on Las Vegas Sands from $56.00 to $46.00 in a research note on Thursday, April 28th. Finally, Citigroup decreased their price objective on Las Vegas Sands from $57.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.15.
Las Vegas Sands Company 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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