Victory Capital Management Inc. Raises Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Victory Capital Management Inc. increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,298 shares of the casino operator’s stock after purchasing an additional 2,186 shares during the quarter. Victory Capital Management Inc.’s holdings in Las Vegas Sands were worth $6,567,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LVS. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $1,195,313,000 after purchasing an additional 2,061,378 shares during the last quarter. Aspex Management HK Ltd raised its stake in 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 valued at $212,085,000 after buying an additional 2,005,112 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Las Vegas Sands by 36.0% in the third 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 buying an additional 1,966,755 shares during the last quarter. Fred Alger Management LLC raised its stake in Las Vegas Sands by 703.2% in the third quarter. Fred Alger Management LLC now owns 1,780,100 shares of the casino operator’s stock valued at $66,789,000 after buying an additional 1,558,486 shares during the last quarter. Finally, River & Mercantile Asset Management LLP raised its stake in Las Vegas Sands by 903.3% in the third quarter. River & Mercantile Asset Management LLP now owns 1,494,319 shares of the casino operator’s stock valued at $54,685,000 after buying an additional 1,345,385 shares during the last quarter. 39.75% of the stock is currently owned by hedge funds and other institutional investors.

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Las Vegas Sands Price Performance

Shares of LVS opened at $56.35 on Friday. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.79 and a quick ratio of 1.78. Las Vegas Sands Corp. has a 12 month low of $30.14 and a 12 month high of $65.58. The stock’s 50 day moving average is $58.83 and its two-hundred day moving average is $54.15.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $69.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. TheStreet upgraded Las Vegas Sands from a “d+” rating to a “c-” rating in a research note on Monday, February 6th. Jefferies Financial Group increased their price target on Las Vegas Sands from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, April 20th. Roth Mkm increased their price target on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 20th. Finally, Credit Suisse Group increased their price objective on Las Vegas Sands from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target 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 firm’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $63.17, for a total value of $947,550.00. Following the sale, the director now directly owns 205,984 shares of the company’s stock, valued at $13,012,009.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by corporate insiders.

About Las Vegas Sands

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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.

Further Reading

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