IFM Investors Pty Ltd Purchases 8,025 Shares of Las Vegas Sands Corp. (NYSE:LVS)

IFM Investors Pty Ltd lifted its position in Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 17.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,460 shares of the casino operator’s stock after acquiring an additional 8,025 shares during the period. IFM Investors Pty Ltd’s holdings in Las Vegas Sands were worth $2,078,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Capital World Investors raised its position in shares of Las Vegas Sands by 74.1% in the 4th quarter. Capital World Investors now owns 34,255,198 shares of the casino operator’s stock worth $1,289,366,000 after acquiring an additional 14,576,547 shares in the last quarter. State Street Corp raised its position in shares of Las Vegas Sands by 3.8% in the 4th quarter. State Street Corp now owns 13,504,063 shares of the casino operator’s stock worth $508,293,000 after acquiring an additional 488,325 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Las Vegas Sands by 15.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,835,528 shares of the casino operator’s stock worth $332,570,000 after acquiring an additional 1,202,622 shares in the last quarter. Invesco Ltd. raised its position in shares of Las Vegas Sands by 2.7% in the 4th quarter. Invesco Ltd. now owns 8,701,651 shares of the casino operator’s stock worth $327,530,000 after acquiring an additional 225,742 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Las Vegas Sands by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 5,246,346 shares of the casino operator’s stock worth $196,854,000 after acquiring an additional 141,127 shares in the last quarter. 34.33% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on LVS shares. UBS Group set a $42.00 target price on Las Vegas Sands in a research report on Monday, June 20th. Barclays began coverage on Las Vegas Sands in a research note on Tuesday. They issued an “overweight” rating and a $39.00 price target on the stock. StockNews.com upgraded Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft cut their price target on Las Vegas Sands from $60.00 to $53.00 in a research note on Thursday, April 28th. Finally, Stifel Nicolaus cut their price target on Las Vegas Sands from $56.00 to $46.00 in a research note on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.46.

LVS opened at $35.28 on Friday. The business’s fifty day simple moving average is $33.80 and its two-hundred day simple moving average is $37.95. The company has a current ratio of 3.14, a quick ratio of 3.13 and a debt-to-equity ratio of 3.19. Las Vegas Sands Corp. has a 12 month low of $28.88 and a 12 month high of $53.25. The company has a market cap of $26.96 billion, a price-to-earnings ratio of 14.64 and a beta of 1.28.

Las Vegas Sands (NYSE:LVSGet Rating) last issued its earnings results on Wednesday, April 27th. The casino operator reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Las Vegas Sands had a net margin of 46.40% and a negative return on equity of 33.07%. The business had revenue of $943.00 million for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business posted ($0.25) earnings per share. The business’s revenue for the quarter was down 21.2% on a year-over-year basis. As a group, research analysts forecast that Las Vegas Sands Corp. will post -0.68 EPS for the current year.

Las Vegas Sands 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.

Further Reading

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