Andra AP fonden Purchases 116,100 Shares of Las Vegas Sands Corp. $LVS

Andra AP fonden lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 74.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 271,200 shares of the casino operator’s stock after purchasing an additional 116,100 shares during the period. Andra AP fonden’s holdings in Las Vegas Sands were worth $14,612,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LVS. Grove Bank & Trust bought a new position in Las Vegas Sands during the fourth quarter worth $26,000. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $26,000. DV Equities LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $29,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. UBS Group set a $52.00 price objective on Las Vegas Sands in a research report on Thursday, July 2nd. Citigroup decreased their price objective on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Morgan Stanley boosted their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.31.

Las Vegas Sands Trading Down 0.8%

LVS stock opened at $45.43 on Wednesday. Las Vegas Sands Corp. has a 1-year low of $44.22 and a 1-year high of $70.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The business’s 50 day moving average is $48.55 and its 200-day moving average is $53.54. The firm has a market cap of $30.10 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.04 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. Equities analysts anticipate that Las Vegas Sands Corp. will post 3.37 earnings per share for the current fiscal year.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.