Bank of Nova Scotia Sells 7,598 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Author: Live Casino Direct
Wild Casino

Bank of Nova Scotia reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 11.6% in the 1st quarter. The institutional investor owned 58,009 shares of the casino operator’s stock at the end of last quarter, but sold 7,598 shares during the quarter for a total of $2,255,000. Several other institutional investors and hedge funds have also bought and sold shares in LVS. State of Michigan Retirement System grew its stake in shares by 0.3% during first quarter and now owns 86,801 shares. Mutual of America Capital Management LLC grew their stake by 1.0% and owns 44,898 shares, whereas Clearstead Advisors LLC bought 1,527 shares and grew it by 43.5%. Retirement Planning Co of New England Inc. grew her stake and bought 473 shares to own 25,800 shares for $1,003,00. Hudock Inc grew by 89.9% to buy 500 shares worth $41,500.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($.29) by ($ 0.05). Las Vegas Sates Corp had revenue of $1.5 billion for that quarter.

Bank of Nova Scotia sold 7,598 shares of Las Vegas Sands Corp. (NYSE:LVS) on Thursday. Wells Fargo & Company upgraded Las Las Vegas Sands from an “equal weight” to an overweight rating and boosted their price target for the stock from $43.00 to $45.000. UBS Group set a $42.50 price objective on LasVegasy Sands and gave the company an "overweight" rating. JPMorgan Chase & Co. upped their target price on the firm to $44.

Las Vegas Sands Corp. develops, owns and operates integrated resorts in Asia and the United States. It owns The Venetian Macao Resort Hotel, The Parisian Hotel Macau, Plaza Macaus, Four Seasons Hotel and Marina Bay Sands in Singapore.