Bank of Montreal Can Acquires 677,003 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Bank of Montreal Can lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 138.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,167,495 shares of the casino operator’s stock after purchasing an additional 677,003 shares during the period. Bank of Montreal Can owned 0.15% of Las Vegas Sands worth $44,950,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of Las Vegas Sands by 1.2% during the fourth quarter. IFP Advisors Inc now owns 23,472 shares of the casino operator’s stock valued at $885,000 after acquiring an additional 271 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Las Vegas Sands by 0.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 44,898 shares of the casino operator’s stock valued at $1,690,000 after acquiring an additional 285 shares during the period. K.J. Harrison & Partners Inc lifted its stake in shares of Las Vegas Sands by 3.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,800 shares of the casino operator’s stock valued at $369,000 after acquiring an additional 300 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Las Vegas Sands by 5.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,319 shares of the casino operator’s stock valued at $268,000 after acquiring an additional 370 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Las Vegas Sands by 54.7% during the fourth quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 404 shares during the period. Institutional investors own 34.33% of the company’s stock.

LVS opened at $33.46 on Friday. The stock has a market capitalization of $25.57 billion, a P/E ratio of 13.88 and a beta of 1.28. Las Vegas Sands Corp. has a 12 month low of $28.88 and a 12 month high of $59.84. The firm’s fifty day simple moving average is $36.28 and its 200 day simple moving average is $39.00. 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 (NYSE:LVS – Get Rating) last posted its quarterly earnings data 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 company had revenue of $943.00 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm posted ($0.25) earnings per share. The company’s revenue was down 21.2% compared to the same quarter last year. On average, equities research analysts predict that Las Vegas Sands Corp. will post -0.64 EPS for the current fiscal year.

Several equities analysts have weighed in on LVS shares. StockNews.com raised Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Wells Fargo & Company increased their target price on Las Vegas Sands from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, January 27th. Stifel Nicolaus cut their target price on Las Vegas Sands from $56.00 to $46.00 in a research note on Thursday, April 28th. CBRE Group increased their target price on Las Vegas Sands from $42.00 to $47.00 and gave the company a “hold” rating in a research note on Thursday, January 27th. Finally, Morgan Stanley cut their target price on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.54.

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.

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