New York State Common Retirement Fund lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 764,703 shares of the casino operator’s stock after selling 59,709 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Las Vegas Sands worth $45,576,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of LVS. Aspex Management HK Ltd acquired a new position in Las Vegas Sands in the third quarter worth $117,890,000. Boston Partners boosted its stake in Las Vegas Sands by 82.4% in the third quarter. Boston Partners now owns 4,616,636 shares of the casino operator’s stock worth $215,414,000 after purchasing an additional 2,086,067 shares in the last quarter. King Street Capital Management L.P. acquired a new position in Las Vegas Sands in the third quarter worth $58,792,000. Victory Capital Management Inc. boosted its stake in Las Vegas Sands by 28.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,036,393 shares of the casino operator’s stock worth $240,568,000 after purchasing an additional 886,133 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its stake in Las Vegas Sands by 282.2% in the third quarter. Polar Asset Management Partners Inc. now owns 1,064,776 shares of the casino operator’s stock worth $49,682,000 after purchasing an additional 786,176 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors.
LVS has been the topic of several research reports. Morgan Stanley upped their price target on Las Vegas Sands from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 20th. JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 17th. HSBC cut their price target on Las Vegas Sands from $55.20 to $53.50 and set a “hold” rating on the stock in a research note on Thursday, January 28th. Macquarie upped their price target on Las Vegas Sands from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, December 2nd. Finally, Bank of America lowered Las Vegas Sands from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research note on Monday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.53.
NYSE LVS opened at $61.74 on Tuesday. The stock has a 50-day simple moving average of $55.00 and a 200 day simple moving average of $52.71. The company has a market capitalization of $47.16 billion, a PE ratio of -62.36 and a beta of 1.35. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 3.60. Las Vegas Sands Corp. has a 12 month low of $33.30 and a 12 month high of $63.56.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Tuesday, January 26th. The casino operator reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.05). Las Vegas Sands had a negative return on equity of 12.97% and a negative net margin of 12.67%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue was down 67.3% compared to the same quarter last year. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post -2.06 earnings per share for the current fiscal year.
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 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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