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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 7.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 293,111 shares of the casino operator’s stock after purchasing an additional 19,359 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $10,998,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands in the third quarter valued at approximately $30,000. Retirement Group LLC raised its holdings in shares of Las Vegas Sands by 100.0% during the second quarter. Retirement Group LLC now owns 1,310 shares of the casino operator’s stock valued at $44,000 after acquiring an additional 655 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in shares of Las Vegas Sands during the second quarter valued at approximately $53,000. Disciplined Equity Management Inc. bought a new position in shares of Las Vegas Sands during the second quarter valued at approximately $68,000. Finally, Worm Capital LLC bought a new position in shares of Las Vegas Sands during the second quarter valued at approximately $87,000. Institutional investors own 39.75% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on LVS shares. CICC Research started coverage on Las Vegas Sands in a report on Thursday, November 24th. They set an “outperform” rating for the company. Wells Fargo & Company upped their target price on Las Vegas Sands from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Barclays upped their target price on Las Vegas Sands from $43.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, December 15th. Citigroup upped their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 20th. Finally, Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.18.
Las Vegas Sands Trading Up 2.7 %
NYSE LVS opened at $54.97 on Tuesday. Las Vegas Sands Corp. has a 12 month low of $28.88 and a 12 month high of $55.04. The stock has a market cap of $42.01 billion, a P/E ratio of 22.44 and a beta of 1.12. The stock’s fifty day moving average price is $47.04 and its 200-day moving average price is $40.80. The company has a current ratio of 1.83, a quick ratio of 1.82 and a debt-to-equity ratio of 3.64.
Las Vegas Sands (NYSE:LVS – Get Rating) last released its earnings results on Wednesday, October 19th. The casino operator reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). Las Vegas Sands had a negative return on equity of 25.33% and a net margin of 46.94%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company posted ($0.45) earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. As a group, equities analysts forecast that Las Vegas Sands Corp. will post -1.19 EPS for the current fiscal year.
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.
Further Reading
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