Quadrant Capital Group LLC Has $57,000 Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Posted by on Jun 7th, 2023

Quadrant Capital Group LLC boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 59.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,190 shares of the casino operator’s stock after acquiring an additional 445 shares during the quarter. Quadrant Capital Group LLC’s holdings in Las Vegas Sands were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its position in Las Vegas Sands by 1.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the casino operator’s stock worth $1,019,000 after buying an additional 200 shares in the last quarter. Allworth Financial LP increased its stake in shares of Las Vegas Sands by 17.9% in the fourth quarter. Allworth Financial LP now owns 1,385 shares of the casino operator’s stock worth $67,000 after acquiring an additional 210 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Las Vegas Sands by 3.3% in the fourth quarter. Wedbush Securities Inc. now owns 7,094 shares of the casino operator’s stock worth $341,000 after acquiring an additional 225 shares during the last quarter. Czech National Bank increased its stake in shares of Las Vegas Sands by 0.8% in the fourth quarter. Czech National Bank now owns 38,470 shares of the casino operator’s stock worth $1,849,000 after acquiring an additional 293 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Las Vegas Sands by 5.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,057 shares of the casino operator’s stock worth $291,000 after acquiring an additional 309 shares during the last quarter. 39.75% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $58.89 on Wednesday. Las Vegas Sands Corp. has a 1 year low of $30.14 and a 1 year high of $65.58. The firm has a 50 day moving average of $59.13 and a 200-day moving average of $55.01. The company has a current ratio of 1.79, a quick ratio of 1.78 and a debt-to-equity ratio of 3.65.

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

Analyst Ratings Changes

LVS has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, April 20th. Jefferies Financial Group increased their target price on shares of Las Vegas Sands from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. JPMorgan Chase & Co. increased their target price on shares of Las Vegas Sands from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Credit Suisse Group increased their target price on shares of Las Vegas Sands from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, April 20th. Finally, Roth Mkm increased their target price on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $68.54.

Insider Activity

In related news, Director Charles D. Forman sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 205,984 shares of the company’s stock, valued at $13,012,009.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

About Las Vegas Sands

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS – Get Rating).

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

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.