D. E. Shaw & Co. Inc. Reduces Holdings in Las Vegas Sands Corp. (NYSE:LVS)

D. E. Shaw & Co. Inc. lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 34.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 800,166 shares of the casino operator’s stock after selling 425,221 shares during the period. D. E. Shaw & Co. Inc. owned 0.10% of Las Vegas Sands worth $48,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Company LLC acquired a new position in Las Vegas Sands during the first quarter worth $27,000. Abundance Wealth Counselors acquired a new position in Las Vegas Sands during the first quarter worth $30,000. E Fund Management Co. Ltd. acquired a new position in Las Vegas Sands during the first quarter worth $35,000. Sugarloaf Wealth Management LLC boosted its stake in Las Vegas Sands by 52.6% during the first quarter. Sugarloaf Wealth Management LLC now owns 580 shares of the casino operator’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Finally, Wagner Wealth Management LLC acquired a new position in Las Vegas Sands during the first quarter worth $36,000. 38.15% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on LVS shares. Morgan Stanley decreased their price target on Las Vegas Sands from $58.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday. Credit Suisse Group upped their price target on Las Vegas Sands from $58.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Zacks Investment Research raised Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 price target on the stock in a research note on Tuesday, March 30th. Finally, Jefferies Financial Group upped their price target on Las Vegas Sands from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Las Vegas Sands has a consensus rating of “Buy” and a consensus price target of $61.32.

LVS opened at $47.82 on Thursday. Las Vegas Sands Corp. has a one year low of $42.58 and a one year high of $66.76. The stock has a market cap of $36.53 billion, a P/E ratio of -19.30 and a beta of 1.42. The company has a current ratio of 2.28, a quick ratio of 2.27 and a debt-to-equity ratio of 4.52. The firm has a 50-day simple moving average of $54.10.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Tuesday, July 20th. The casino operator reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). Las Vegas Sands had a negative net margin of 64.84% and a negative return on equity of 47.40%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company posted ($1.05) EPS. The company’s revenue was up 1096.9% compared to the same quarter last year. Analysts forecast that Las Vegas Sands Corp. will post -0.12 EPS for the current year.

Las Vegas Sands Profile

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.

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

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