Las Vegas Sands Corp. (NYSE:LVS) Stock Holdings Lowered by Sumitomo Mitsui Trust Holdings Inc.
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Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the first quarter. The institutional investor owned 831,711 shares of the casino operator’s stock after selling 5,789 shares during that quarter, whereas it owned 0%. Other hedge funds and other institutional investors also made changes to their positions in LVS. Capital World Investors raised its position in shares. of Las Las Sands by 74.1% in the 4th quarter and now owns 34,255,198 shares, worth $1.289,366,000. Barrow Hanley Mewhinney & Strauss LLC increased its positions by 15.8% and owns 8,835,528 shares worth £332,570,00. Bank of Montreal Can increased position by 138.0% to $44,950, 000.
Las Vegas Sands Corp. (NYSE LVS) last posted its earnings results on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($.24) by ($ 0.16). Las Vegas Sates Corp has a 12-month low of $28.88 and a twelve- month high of$49.84.
LVS has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on shares of Las Vegas Sands from $56.00 to $46.000. JPMorgan Chase & Co. lowered their price objective on Las Las Sands to $42.50. Citigroup lowered the price of shares LasLas Sands by $5.25 to $56 and set a buy rating on the stock. UBS Group set $41.20 price target on LVS. LLasVegas Sands currently has an average rating of “Moderate Buy” and an analysts’ target of $47.69.
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.
