Las Vegas Sands Corp. $LVS Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,778 shares of the casino operator’s stock after selling 506 shares during the period. Yousif Capital Management LLC’s holdings in Las Vegas Sands were worth $1,122,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LVS. Farther Finance Advisors LLC boosted its stake in shares of Las Vegas Sands by 133.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator’s stock worth $59,000 after purchasing an additional 856 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Las Vegas Sands by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 40,250 shares of the casino operator’s stock worth $1,554,000 after purchasing an additional 570 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Las Vegas Sands during the 1st quarter worth about $391,000. Oppenheimer & Co. Inc. boosted its stake in shares of Las Vegas Sands by 54.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,047 shares of the casino operator’s stock worth $388,000 after purchasing an additional 3,542 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Las Vegas Sands by 8.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 150,120 shares of the casino operator’s stock worth $5,799,000 after purchasing an additional 12,251 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Trading Up 1.7%

NYSE LVS opened at $50.58 on Wednesday. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $58.05. The company’s 50 day moving average price is $53.31 and its 200 day moving average price is $46.34. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The firm has a market capitalization of $34.72 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.81 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm posted $0.55 earnings per share. Las Vegas Sands’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LVS shares. Bank of America increased their price objective on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Zacks Research upgraded shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. upgraded shares of Las Vegas Sands from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $56.00 to $60.00 in a report on Thursday, October 16th. Mizuho increased their price objective on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.47.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.