Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 4.5% in the first quarter, Holdings Channel reports. The firm owned 89,981 shares of the casino operator’s stock after acquiring an additional 3,850 shares during the period. Amalgamated Bank’s holdings in Las Vegas Sands were worth $3,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LVS. Mizuho Securities Co. Ltd. acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $39,000. Hudock Inc. grew its position in Las Vegas Sands by 89.9% in the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock valued at $41,000 after acquiring an additional 500 shares in the last quarter. Clearstead Advisors LLC grew its position in Las Vegas Sands by 43.0% in the first quarter. Clearstead Advisors LLC now owns 1,527 shares of the casino operator’s stock valued at $59,000 after acquiring an additional 459 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in Las Vegas Sands in the fourth quarter valued at approximately $58,000. Finally, Meeder Asset Management Inc. acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 39.84% of the company’s stock.

Las Vegas Sands Stock Performance

LVS stock opened at $35.29 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 3.33 and a current ratio of 3.35. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 15.48 and a beta of 1.23. Las Vegas Sands Corp. has a 1 year low of $28.88 and a 1 year high of $48.27. The stock’s fifty day moving average is $37.65 and its two-hundred day moving average is $36.06.

Las Vegas Sands (NYSE:LVSGet Rating) last posted its earnings results on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $949.40 million. Las Vegas Sands had a net margin of 45.39% and a negative return on equity of 31.93%. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) earnings per share. On average, research analysts predict that Las Vegas Sands Corp. will post -1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $53.00 to $50.00 in a research report on Tuesday, July 19th. Barclays increased their target price on Las Vegas Sands from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, July 21st. Wells Fargo & Company upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $43.00 to $45.00 in a research note on Thursday, July 21st. UBS Group set a $42.00 target price on Las Vegas Sands in a research note on Monday, June 20th. Finally, Stifel Nicolaus increased their target price on Las Vegas Sands from $46.00 to $50.00 in a research note on Thursday, July 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.38.

Las Vegas Sands Company Profile

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

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