Las Vegas Sands Corp. Sees Large Growth in Short Interest (LVS)
Las Vegas Sands Corp. (NYSE:LVS) was the recipient of a significant growth in short interest in the month of June. As of June 13th, there was short interest totalling 17,513,693 shares, a growth of 26.5% from the May 30th total of 13,845,072 shares, Analyst Ratings News reports. Approximately 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 5,186,153 shares, the short-interest ratio is presently 3.4 days.
In other Las Vegas Sands Corp. news, COO John Caparella unloaded 22,840 shares of Las Vegas Sands Corp. stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $76.24, for a total value of $1,741,321.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LVS shares. Analysts at Buckingham Research initiated coverage on shares of Las Vegas Sands Corp. in a research note on Friday, June 27th. They set a “neutral” rating and a $73.00 price target on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Las Vegas Sands Corp. from $85.00 to $80.00 in a research note on Wednesday, June 25th. They now have a “market perform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Las Vegas Sands Corp. from $98.00 to $89.00 in a research note on Monday, June 23rd. They now have a “positive” rating on the stock. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $81.71.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 77.94 on Monday. Las Vegas Sands Corp. has a one year low of $51.66 and a one year high of $88.28. The stock’s 50-day moving average is $75.02 and its 200-day moving average is $78.14. The company has a market cap of $63.503 billion and a P/E ratio of 25.43.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Thursday, April 24th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.04. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $3.91 EPS for the current fiscal year.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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