Parallel Advisors LLC Decreases Stake in Las Vegas Sands Corp. (NYSE:LVS)

Parallel Advisors LLC lowered its holdings in Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 26.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,683 shares of the casino operator’s stock after selling 612 shares during the period. Parallel Advisors LLC’s holdings in Las Vegas Sands were worth $67,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mizuho Securities Co. Ltd. purchased a new position in shares of Las Vegas Sands in the first quarter worth $39,000. Desjardins Global Asset Management Inc. purchased a new position in shares of Las Vegas Sands in the fourth quarter worth $40,000. Confluence Wealth Services Inc. bought a new stake in shares of Las Vegas Sands in the fourth quarter worth $40,000. Bessemer Group Inc. grew its holdings in shares of Las Vegas Sands by 54.7% in the fourth quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock worth $43,000 after acquiring an additional 404 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Las Vegas Sands by 140.2% in the fourth quarter. First Horizon Advisors Inc. now owns 1,554 shares of the casino operator’s stock worth $57,000 after acquiring an additional 907 shares during the period. Hedge funds and other institutional investors own 34.33% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE LVS opened at $38.99 on Friday. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 17.10 and a beta of 1.24. The company has a quick ratio of 3.13, a current ratio of 3.14 and a debt-to-equity ratio of 3.19. The business has a 50-day moving average price of $34.05 and a 200-day moving average price of $37.74. Las Vegas Sands Corp. has a twelve month low of $28.88 and a twelve month high of $48.27.

Las Vegas Sands (NYSE:LVSGet Rating) last released its quarterly earnings data on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $949.40 million. Las Vegas Sands had a negative return on equity of 34.73% and a net margin of 45.39%. The business’s revenue was down 10.9% on a year-over-year basis. During the same period last year, the company earned ($0.26) EPS. As a group, equities research analysts predict that Las Vegas Sands Corp. will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $46.00 to $50.00 in a report on Thursday. Morgan Stanley cut their price objective on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. StockNews.com raised Las Vegas Sands to a “sell” rating in a report on Tuesday, May 10th. Citigroup lifted their price objective on Las Vegas Sands from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays boosted their price target on Las Vegas Sands from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.

About Las Vegas Sands

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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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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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