377,917 Shares in Las Vegas Sands Corp. (NYSE:LVS) Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 377,917 shares of the casino operator’s stock, valued at approximately $18,166,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LVS. Hollencrest Capital Management bought a new position in Las Vegas Sands in the 4th quarter valued at approximately $32,000. James Investment Research Inc. bought a new position in Las Vegas Sands in the 4th quarter valued at approximately $39,000. EverSource Wealth Advisors LLC lifted its position in Las Vegas Sands by 42.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,076 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 319 shares in the last quarter. Cowa LLC bought a new position in Las Vegas Sands in the 3rd quarter valued at approximately $49,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in Las Vegas Sands in the 3rd quarter valued at approximately $50,000. 39.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Las Vegas Sands from $64.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Bank of America increased their price target on Las Vegas Sands from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, April 20th. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Citigroup increased their price target on Las Vegas Sands from $76.00 to $80.50 and gave the company a “buy” rating in a report on Thursday, April 20th. Finally, StockNews.com began coverage on Las Vegas Sands in a report on Thursday, May 18th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.54.

Las Vegas Sands Trading Down 0.1 %

Shares of LVS stock opened at $55.82 on Friday. Las Vegas Sands Corp. has a 52-week low of $30.14 and a 52-week high of $65.58. The company has a current ratio of 1.79, a quick ratio of 1.78 and a debt-to-equity ratio of 3.65. The stock has a fifty day simple moving average of $58.80 and a two-hundred day simple moving average of $54.05.

Las Vegas Sands (NYSE:LVS – Get Rating) last issued its quarterly earnings results on Wednesday, April 19th. The casino operator reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. Las Vegas Sands had a negative return on equity of 10.21% and a negative net margin of 10.42%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted ($0.40) EPS. Las Vegas Sands’s revenue for the quarter was up 124.8% compared to the same quarter last year. As a group, analysts forecast that Las Vegas Sands Corp. will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Las Vegas Sands news, Director Charles D. Forman sold 15,000 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $63.17, for a total value of $947,550.00. Following the completion of the sale, the director now owns 205,984 shares in the company, valued at approximately $13,012,009.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by company insiders.

About Las Vegas Sands

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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.