4,284 Shares in Las Vegas Sands Corp. (NYSE:LVS) Acquired by Intech Investment Management LLC

Posted by Defense World Staff on May 23rd, 2023

Intech Investment Management LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,284 shares of the casino operator’s stock, valued at approximately $206,000.

Several other institutional investors have also recently modified their holdings of the stock. Cibc World Markets Corp raised its position in shares of Las Vegas Sands by 29.8% during the 4th quarter. Cibc World Markets Corp now owns 77,685 shares of the casino operator’s stock worth $3,734,000 after purchasing an additional 17,845 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Las Vegas Sands by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 111,298 shares of the casino operator’s stock valued at $6,567,000 after acquiring an additional 2,186 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Las Vegas Sands by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 669,784 shares of the casino operator’s stock valued at $32,192,000 after acquiring an additional 60,752 shares during the last quarter. Achmea Investment Management B.V. acquired a new position in Las Vegas Sands in the 4th quarter valued at $52,000. Finally, Huntington National Bank raised its holdings in Las Vegas Sands by 41.4% in the 4th quarter. Huntington National Bank now owns 4,361 shares of the casino operator’s stock valued at $210,000 after acquiring an additional 1,276 shares during the last quarter. 39.75% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $59.49 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 1.79 and a debt-to-equity ratio of 3.65. The company has a fifty day moving average price of $58.72 and a 200 day moving average price of $53.91. Las Vegas Sands Corp. has a twelve month low of $30.14 and a twelve month high of $65.58.

Las Vegas Sands (NYSE:LVS – Get Rating) last posted its quarterly earnings data on Wednesday, April 19th. The casino operator reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Las Vegas Sands had a negative net margin of 10.42% and a negative return on equity of 10.21%. The firm’s revenue for the quarter was up 124.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.40) EPS. Equities analysts expect that Las Vegas Sands Corp. will post 1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LVS shares. Stifel Nicolaus boosted their price target on Las Vegas Sands from $66.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, April 20th. Credit Suisse Group boosted their price objective on shares of Las Vegas Sands from $62.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 20th. StockNews.com started coverage on shares of Las Vegas Sands in a research note on Thursday, May 18th. They set a “hold” rating for the company. TheStreet raised shares of Las Vegas Sands from a “d+” rating to a “c-” rating in a research note on Monday, February 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Las Vegas Sands from $69.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, April 20th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price of $68.54.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, Director Charles D. Forman sold 15,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $63.17, for a total value of $947,550.00. Following the completion of the transaction, the director now directly owns 205,984 shares of the company’s stock, valued at approximately $13,012,009.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by corporate insiders.

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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