Captrust Financial Advisors grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 29.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,504 shares of the casino operator’s stock after acquiring an additional 2,410 shares during the quarter. Captrust Financial Advisors’ holdings in Las Vegas Sands were worth $638,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Abundance Wealth Counselors acquired a new position in Las Vegas Sands during the first quarter worth about $30,000. Sugarloaf Wealth Management LLC raised its stake in Las Vegas Sands by 52.6% during the first quarter. Sugarloaf Wealth Management LLC now owns 580 shares of the casino operator’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. E Fund Management Co. Ltd. acquired a new position in Las Vegas Sands during the first quarter worth about $35,000. RMR Wealth Builders acquired a new position in Las Vegas Sands during the fourth quarter worth about $36,000. Finally, Wagner Wealth Management LLC acquired a new position in Las Vegas Sands during the first quarter worth about $36,000. 38.15% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. Morgan Stanley boosted their target price on Las Vegas Sands from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Credit Suisse Group upped their price objective on Las Vegas Sands from $58.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Jefferies Financial Group upped their price objective on Las Vegas Sands from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Finally, Zacks Investment Research raised Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research note on Tuesday, March 30th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.68.
Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 21st. The casino operator reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.39 billion. Las Vegas Sands had a negative net margin of 64.84% and a negative return on equity of 47.40%. The business’s revenue for the quarter was up 1096.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.05) EPS. As a group, research analysts expect that Las Vegas Sands Corp. will post -0.12 EPS for the current fiscal year.
Las Vegas Sands Profile
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.
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