1 day Ago By ABMN Staff
Acadian Asset Management LLC purchased a new stake in Las Vegas Sands Corp. ( NYSE:LVS – Free Report ) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,935 shares of the casino operator’s stock, valued at approximately $527,000.
A number of other hedge funds have also modified their holdings of LVS. Corient Private Wealth LLC raised its position in Las Vegas Sands by 1.0% in the fourth quarter.
Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock valued at $1,404,000 after purchasing an additional 288 shares during the period. Czech National Bank grew its stake in shares of Las Vegas Sands by 0.5% in the first quarter.
Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after buying an additional 319 shares in the last quarter. Western Pacific Wealth Management LP raised its holdings in shares of Las Vegas Sands by 53.5% in the 1st quarter.
Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after buying an additional 338 shares during the period. Parallel Advisors LLC lifted its stake in Las Vegas Sands by 54.8% during the 4th quarter.
Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after acquiring an additional 357 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Las Vegas Sands by 0.8% during the 2nd quarter.
Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock valued at $2,350,000 after acquiring an additional 401 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of analysts have issued reports on LVS shares. Stifel Nicolaus cut their price target on shares of Las Vegas Sands from $65.00 to $55.
00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. UBS Group downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $49.
00 in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $61.00 to $55.
00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Morgan Stanley cut their price objective on Las Vegas Sands from $55.00 to $50.
00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.
00 and set a “hold” rating for the company in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.
25. Las Vegas Sands Trading Down 1.5 % NYSE:LVS opened at $40.
79 on Thursday. Las Vegas Sands Corp. has a 1 year low of $36.
62 and a 1 year high of $55.65. The stock has a market cap of $30.
39 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.12 and a beta of 1.
11. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.
57 and a current ratio of 1.58. The stock has a 50-day simple moving average of $40.
04 and a 200-day simple moving average of $44.71. Las Vegas Sands ( NYSE:LVS – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 24th.
The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.
01). The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.
82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.
41%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year.
During the same period last year, the company earned $0.46 earnings per share. As a group, analysts anticipate that Las Vegas Sands Corp.
will post 2.46 earnings per share for the current fiscal year. Las Vegas Sands Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th.
Investors of record on Tuesday, August 6th were given a $0.20 dividend. This represents a $0.
80 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Tuesday, August 6th.
Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%. Las Vegas Sands Company Profile ( Free Report ) Las Vegas Sands Corp.
, together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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. Read More Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. ( NYSE:LVS – Free Report ). Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.
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