MML Investors Services LLC reduced its stake in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,765 shares of the casino operator’s stock after selling 264 shares during the quarter. MML Investors Services LLC’s holdings in Las Vegas Sands were worth $291,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Aspex Management HK Ltd lifted its holdings in Las Vegas Sands by 55.0% in the 3rd quarter. Aspex Management HK Ltd now owns 5,652,595 shares of the casino operator’s stock worth $212,085,000 after purchasing an additional 2,005,112 shares during the last quarter. Sculptor Capital LP acquired a new stake in Las Vegas Sands in the 2nd quarter worth approximately $41,358,000. Barclays PLC lifted its holdings in Las Vegas Sands by 489.0% in the 3rd quarter. Barclays PLC now owns 862,354 shares of the casino operator’s stock worth $32,354,000 after purchasing an additional 715,946 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Las Vegas Sands by 233.1% in the 1st quarter. Prudential Financial Inc. now owns 984,120 shares of the casino operator’s stock worth $38,253,000 after purchasing an additional 688,676 shares during the last quarter. Finally, Bridgewater Associates LP acquired a new position in shares of Las Vegas Sands during the first quarter worth approximately $21,388,000. 39.75% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
LVS has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Las Vegas Sands from $59.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, March 1st. CBRE Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and upped their price target for the stock from $47.00 to $68.00 in a report on Thursday, January 26th. Barclays upped their price target on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, January 24th. Stifel Nicolaus upped their price target on Las Vegas Sands from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, January 26th. Finally, JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $55.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.83.
Las Vegas Sands Stock Performance
Las Vegas Sands (NYSE:LVS – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The casino operator reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Las Vegas Sands had a net margin of 44.57% and a negative return on equity of 22.49%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned ($0.22) earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. As a group, analysts predict that Las Vegas Sands Corp. will post 1.41 EPS for the current fiscal year.
Las Vegas Sands Company Profile
Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.
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