New Mexico Educational Retirement Board Has $775,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

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New Mexico Educational Retirement Board cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,950 shares of the casino operator’s stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Las Vegas Sands were worth $775,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of Las Vegas Sands by 14.1% during the 4th quarter. Teacher Retirement System of Texas now owns 97,735 shares of the casino operator’s stock worth $3,679,000 after acquiring an additional 12,083 shares during the last quarter. NewEdge Wealth LLC boosted its stake in Las Vegas Sands by 15.9% in the 4th quarter. NewEdge Wealth LLC now owns 9,613 shares of the casino operator’s stock valued at $362,000 after purchasing an additional 1,316 shares during the period. Desjardins Global Asset Management Inc. bought a new stake in Las Vegas Sands in the 4th quarter valued at $40,000. North Star Investment Management Corp. boosted its stake in Las Vegas Sands by 28.2% in the 4th quarter. North Star Investment Management Corp. now owns 20,025 shares of the casino operator’s stock valued at $754,000 after purchasing an additional 4,400 shares during the period. Finally, Venture Visionary Partners LLC bought a new stake in Las Vegas Sands in the 4th quarter valued at $332,000. 34.33% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands stock opened at $31.60 on Thursday. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.13 and a current ratio of 3.14. Las Vegas Sands Corp. has a 52 week low of $28.88 and a 52 week high of $53.87. The stock has a market capitalization of $24.15 billion, a P/E ratio of 13.11 and a beta of 1.28. The stock has a fifty day moving average of $34.32 and a 200-day moving average of $38.13.

Las Vegas Sands (NYSE:LVSGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The casino operator reported ($0.40) EPS 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 for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm posted ($0.25) EPS. Las Vegas Sands’s quarterly revenue was down 21.2% on a year-over-year basis. On average, research analysts forecast that Las Vegas Sands Corp. will post -0.64 earnings per share for the current year.

LVS has been the subject of several recent research reports. Morgan Stanley reduced their price target on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. UBS Group set a $42.00 price target on Las Vegas Sands in a research note on Monday. Stifel Nicolaus reduced their price target on Las Vegas Sands from $56.00 to $46.00 in a research note on Thursday, April 28th. Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $60.00 to $53.00 in a research report on Thursday, April 28th. Finally, StockNews.com upgraded Las Vegas Sands to a “sell” rating in a research report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.25.

Las Vegas Sands Company 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.

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