Aureus Asset Management LLC Boosts Stock Holdings in Las Vegas Sands Corp. $LVS

Aureus Asset Management LLC grew its holdings in Las Vegas Sands Corp. (NYSE:LVSFree Report) by 304.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 40,472 shares of the casino operator’s stock after buying an additional 30,472 shares during the quarter. Aureus Asset Management LLC’s holdings in Las Vegas Sands were worth $2,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LVS. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth $26,000. DV Equities LLC purchased a new position in shares of Las Vegas Sands in the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB raised its stake in shares of Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, Activest Wealth Management lifted its holdings in Las Vegas Sands by 1,208.0% during the 4th quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock worth $43,000 after purchasing an additional 604 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $45.26 on Thursday. The business’s 50-day moving average price is $48.43 and its two-hundred day moving average price is $53.40. Las Vegas Sands Corp. has a twelve month low of $44.22 and a twelve month high of $70.45. The stock has a market cap of $29.99 billion, a P/E ratio of 16.76, a PEG ratio of 1.12 and a beta of 0.83. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVSGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the business posted $0.66 EPS. The business’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts predict that Las Vegas Sands Corp. will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Mizuho raised their target price on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Wells Fargo & Company decreased their price target on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. UBS Group set a $52.00 price target on shares of Las Vegas Sands in a report on Thursday, July 2nd. Weiss Ratings lowered shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, HSBC boosted their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.31.

Read Our Latest Report on LVS

Las Vegas Sands News Roundup

Here are the key news stories impacting Las Vegas Sands this week:

Las Vegas Sands Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVSFree Report).

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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