Tobam lifted its position in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 661.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,420 shares of the casino operator’s stock after buying an additional 121,986 shares during the quarter. Tobam’s holdings in Las Vegas Sands were worth $5,269,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of LVS. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Las Vegas Sands by 13.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock valued at $1,818,000 after buying an additional 5,716 shares during the period. American Century Companies Inc. raised its holdings in shares of Las Vegas Sands by 17.1% in the 1st quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock valued at $529,000 after buying an additional 1,985 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Las Vegas Sands by 6.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock valued at $1,294,000 after buying an additional 2,145 shares during the period. Cetera Advisor Networks LLC raised its holdings in shares of Las Vegas Sands by 26.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock valued at $525,000 after buying an additional 2,848 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Las Vegas Sands by 47.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock valued at $1,050,000 after buying an additional 8,711 shares during the period. Hedge funds and other institutional investors own 39.75% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on LVS shares. StockNews.com started coverage on Las Vegas Sands in a report on Wednesday, October 12th. They set a “sell” rating on the stock. CICC Research started coverage on Las Vegas Sands in a report on Thursday, November 24th. They set an “outperform” rating on the stock. Bank of America upped their price target on Las Vegas Sands from $46.00 to $52.00 in a report on Wednesday, January 4th. JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $44.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, November 28th. Finally, Citigroup upped their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.42.
Las Vegas Sands Trading Up 2.7 %
LVS opened at $54.97 on Friday. The company has a market cap of $42.01 billion, a P/E ratio of 22.44 and a beta of 1.13. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.82 and a current ratio of 1.83. Las Vegas Sands Corp. has a one year low of $28.88 and a one year high of $55.04. The business’s 50-day simple moving average is $46.75 and its 200-day simple moving average is $40.60.
Las Vegas Sands (NYSE:LVS – Get Rating) last announced its earnings results on Wednesday, October 19th. The casino operator reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Las Vegas Sands had a net margin of 46.94% and a negative return on equity of 25.33%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the company earned ($0.45) earnings per share. As a group, equities research analysts expect that Las Vegas Sands Corp. will post -1.19 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.