Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 23.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,267 shares of the casino operator’s stock after buying an additional 2,494 shares during the period. Baird Financial Group Inc.’s holdings in Las Vegas Sands were worth $446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. Park Avenue Securities LLC acquired a new position in Las Vegas Sands during the 1st quarter worth $283,000. Mutual of America Capital Management LLC grew its position in shares of Las Vegas Sands by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 45,383 shares of the casino operator’s stock worth $1,764,000 after buying an additional 485 shares in the last quarter. DAVENPORT & Co LLC grew its position in shares of Las Vegas Sands by 26.3% during the first quarter. DAVENPORT & Co LLC now owns 12,439 shares of the casino operator’s stock worth $484,000 after buying an additional 2,591 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Las Vegas Sands by 2,031.9% during the first quarter. International Assets Investment Management LLC now owns 235,686 shares of the casino operator’s stock worth $247,000 after buying an additional 224,631 shares during the period. Finally, Metis Global Partners LLC acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 39.84% of the company’s stock.

Las Vegas Sands Trading Down 2.9 %

Shares of Las Vegas Sands stock opened at $42.37 on Tuesday. The company’s fifty day moving average is $38.96 and its two-hundred day moving average is $36.62. Las Vegas Sands Corp. has a 1 year low of $28.88 and a 1 year high of $48.27. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.82 and a current ratio of 1.83. The company has a market capitalization of $32.38 billion, a P/E ratio of 17.29 and a beta of 1.12.

Las Vegas Sands (NYSE:LVSGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The casino operator reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03). Las Vegas Sands had a net margin of 46.94% and a negative return on equity of 25.33%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned ($0.45) EPS. The business’s revenue was up 17.3% on a year-over-year basis. Analysts forecast that Las Vegas Sands Corp. will post -1.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Las Vegas Sands from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 20th. Bank of America raised Las Vegas Sands from an “underperform” rating to a “neutral” rating and set a $37.00 price target for the company in a report on Thursday, October 13th. StockNews.com started coverage on Las Vegas Sands in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. Morgan Stanley assumed coverage on Las Vegas Sands in a research note on Monday. They set an “overweight” rating and a $49.00 target price for the company. Finally, Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.33.

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.

See Also

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

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