New York State Teachers Retirement System Sells 698 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Posted by on Apr 13th, 2023

New York State Teachers Retirement System reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 350,921 shares of the casino operator’s stock after selling 698 shares during the quarter. New York State Teachers Retirement System’s holdings in Las Vegas Sands were worth $16,869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Las Vegas Sands by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 35,537,902 shares of the casino operator’s stock valued at $1,381,358,000 after purchasing an additional 519,620 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Las Vegas Sands by 6.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 31,854,683 shares of the casino operator’s stock valued at $1,195,313,000 after purchasing an additional 2,061,378 shares in the last quarter. State Street Corp increased its stake in Las Vegas Sands by 2.9% during the 1st quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock valued at $540,242,000 after purchasing an additional 394,616 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Las Vegas Sands by 36.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,428,878 shares of the casino operator’s stock valued at $278,734,000 after purchasing an additional 1,966,755 shares in the last quarter. Finally, Aspex Management HK Ltd grew its stake in shares of Las Vegas Sands by 55.0% in the third quarter. Aspex Management HK Ltd now owns 5,652,595 shares of the casino operator’s stock worth $212,085,000 after acquiring an additional 2,005,112 shares during the period. 39.75% of the stock is currently owned by institutional investors.

Las Vegas Sands Price Performance

LVS stock opened at $55.88 on Thursday. Las Vegas Sands Corp. has a one year low of $28.88 and a one year high of $60.99. The company’s fifty day moving average price is $56.68 and its 200-day moving average price is $49.26. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.72 and a current ratio of 1.73. The company has a market capitalization of $42.71 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 17.16 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS – Get Rating) last released its earnings results on Wednesday, January 25th. The casino operator reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Las Vegas Sands had a negative return on equity of 22.49% and a net margin of 44.57%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm posted ($0.22) EPS. Las Vegas Sands’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LVS shares. StockNews.com started coverage on shares of Las Vegas Sands in a research note on Thursday, March 16th. They issued a “hold” rating for the company. CBRE Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $68.00 in a research note on Thursday, January 26th. Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Roth Mkm started coverage on shares of Las Vegas Sands in a research note on Wednesday. They issued a “buy” rating and a $74.00 price target for the company. Finally, TheStreet upgraded shares of Las Vegas Sands from a “d+” rating to a “c-” rating in a research note on Monday, February 6th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.71.

Las Vegas Sands Profile

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Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.

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

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