NEXT Financial Group Inc decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,436 shares of the casino operator’s stock after selling 3,738 shares during the quarter. NEXT Financial Group Inc’s holdings in Las Vegas Sands were worth $1,411,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of LVS. BlackRock Inc. boosted its holdings in shares of Las Vegas Sands by 3.7% in the 2nd quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock worth $1,094,168,000 after purchasing an additional 664,769 shares in the last quarter. Boston Partners raised its stake in shares of Las Vegas Sands by 49.5% during the third quarter. Boston Partners now owns 9,061,417 shares of the casino operator’s stock worth $523,742,000 after acquiring an additional 2,998,353 shares in the last quarter. Millennium Management LLC raised its stake in shares of Las Vegas Sands by 5,707.6% during the third quarter. Millennium Management LLC now owns 4,581,351 shares of the casino operator’s stock worth $264,618,000 after acquiring an additional 4,502,466 shares in the last quarter. Alpine Group USVI LLC bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth approximately $119,680,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth approximately $117,535,000. 36.33% of the stock is owned by institutional investors.
NYSE LVS opened at $70.06 on Wednesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.59. The stock’s fifty day moving average price is $69.24 and its 200 day moving average price is $61.57. Las Vegas Sands Corp. has a 1 year low of $51.17 and a 1 year high of $74.29. The company has a market cap of $56.88 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 8.53 and a beta of 1.61.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.75. Las Vegas Sands had a return on equity of 37.04% and a net margin of 13.86%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. Research analysts expect that Las Vegas Sands Corp. will post 3.15 earnings per share for the current year.
Several equities analysts recently commented on LVS shares. Standpoint Research lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Morgan Stanley cut Las Vegas Sands from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $65.00 to $72.00 in a report on Tuesday. ValuEngine raised shares of Las Vegas Sands from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Roth Capital reissued a “buy” rating on shares of Las Vegas Sands in a research note on Thursday, October 24th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $62.00 target price on shares of Las Vegas Sands in a research note on Monday, October 28th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.00.
About Las Vegas Sands
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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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