Las Vegas Sands (NYSE:LVS) Shares Gap Up to $33.17

NYSE:LVSGet Rating) gapped up prior to trading on Tuesday . The stock had previously closed at $33.17, but opened at $35.11. Las Vegas Sands shares last traded at $35.46, with a volume of 247,151 shares changing hands.

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

The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.13 and a current ratio of 3.14. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 13.95 and a beta of 1.28. The stock’s fifty day moving average is $33.90 and its two-hundred day moving average is $37.98.

Las Vegas Sands (NYSE:LVSGet Rating) 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 ($0.24) by ($0.16). Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The business had revenue of $943.00 million during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company earned ($0.25) EPS. The company’s revenue was down 21.2% on a year-over-year basis. On average, equities research analysts expect that Las Vegas Sands Corp. will post -0.68 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky grew its position in Las Vegas Sands by 1,072.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 299,485 shares of the casino operator’s stock worth $11,641,000 after purchasing an additional 273,935 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Las Vegas Sands by 30.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,717 shares of the casino operator’s stock worth $1,194,000 after purchasing an additional 7,196 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Las Vegas Sands by 12.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 6,029 shares of the casino operator’s stock worth $234,000 after purchasing an additional 685 shares in the last quarter. Toroso Investments LLC grew its position in shares of Las Vegas Sands by 5.2% during the 1st quarter. Toroso Investments LLC now owns 9,348 shares of the casino operator’s stock valued at $363,000 after acquiring an additional 458 shares during the period. Finally, Prentice Capital Management LP grew its position in shares of Las Vegas Sands by 54.9% during the 1st quarter. Prentice Capital Management LP now owns 699,732 shares of the casino operator’s stock valued at $27,199,000 after acquiring an additional 247,978 shares during the period. 34.33% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile (NYSE:LVS)

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.

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