Asset Management One Co. Ltd. Sells 6,092 Shares of Las Vegas Sands Corp. (NYSE:LVS)
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Asset Management One Co. Ltd. lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,086 shares of the casino operator’s stock after selling 6,092 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Las Vegas Sands were worth $6,600,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in LVS. Price T Rowe Associates Inc. MD increased its stake in shares of Las Vegas Sands by 6.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,854,683 shares of the casino operator’s stock valued at $1,195,313,000 after buying an additional 2,061,378 shares during the period. Aspex Management HK Ltd increased its position in Las Vegas Sands by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 5,652,595 shares of the casino operator’s stock valued at $212,085,000 after purchasing an additional 2,005,112 shares during the period. Bank of New York Mellon Corp raised its holdings in Las Vegas Sands by 36.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,428,878 shares of the casino operator’s stock worth $278,734,000 after purchasing an additional 1,966,755 shares during the last quarter. Fred Alger Management LLC lifted its position in shares of Las Vegas Sands by 703.2% in the 3rd quarter. Fred Alger Management LLC now owns 1,780,100 shares of the casino operator’s stock worth $66,789,000 after purchasing an additional 1,558,486 shares during the period. Finally, River & Mercantile Asset Management LLP lifted its position in shares of Las Vegas Sands by 903.3% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 1,494,319 shares of the casino operator’s stock worth $54,685,000 after purchasing an additional 1,345,385 shares during the period. 39.75% of the stock is currently owned by institutional investors and hedge funds.
Las Vegas Sands Stock Up 2.6 %
NYSE:LVS opened at $63.85 on Friday. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of -88.68, a PEG ratio of 7.53 and a beta of 1.16. The business’s 50 day moving average is $57.56 and its 200 day moving average is $51.02. Las Vegas Sands Corp. has a 12-month low of $28.88 and a 12-month high of $64.04. The company has a quick ratio of 1.72, a current ratio of 1.79 and a debt-to-equity ratio of 3.65.
Las Vegas Sands (NYSE:LVS – Get Rating) last posted its earnings results on Wednesday, April 19th. The casino operator reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. Las Vegas Sands had a negative net margin of 10.42% and a negative return on equity of 10.21%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted ($0.40) EPS. The business’s revenue was up 124.8% compared to the same quarter last year. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post 1.78 earnings per share for the current fiscal year.Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on LVS shares. Morgan Stanley lifted their target price on shares of Las Vegas Sands from $64.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Bank of America boosted their price objective on Las Vegas Sands from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, April 20th. Credit Suisse Group raised their target price on Las Vegas Sands from $62.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, April 20th. CBRE Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price target for the company from $47.00 to $68.00 in a research note on Thursday, January 26th. Finally, Citigroup raised their price objective on shares of Las Vegas Sands from $76.00 to $80.50 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average target price of $68.54.
Las Vegas Sands Profile
Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.
