Teacher Retirement System of Texas Has $4.46 Million Stock Position in Las Vegas Sands Corp. $LVS

Teacher Retirement System of Texas boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 54.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,921 shares of the casino operator’s stock after purchasing an additional 29,221 shares during the quarter. Teacher Retirement System of Texas’ holdings in Las Vegas Sands were worth $4,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Maple Rock Capital Partners Inc. increased its stake in Las Vegas Sands by 124.4% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator’s stock valued at $43,679,000 after acquiring an additional 556,440 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Las Vegas Sands by 7.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock worth $28,033,000 after purchasing an additional 42,598 shares during the last quarter. Donoghue Forlines LLC acquired a new stake in shares of Las Vegas Sands in the 3rd quarter valued at $2,143,000. Intech Investment Management LLC acquired a new stake in shares of Las Vegas Sands in the 2nd quarter valued at $1,254,000. Finally, CWM LLC increased its stake in shares of Las Vegas Sands by 78.0% in the 3rd quarter. CWM LLC now owns 102,576 shares of the casino operator’s stock valued at $5,518,000 after purchasing an additional 44,940 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling at Las Vegas Sands

In other news, major shareholder Miriam Adelson sold 77,991 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the completion of the transaction, the insider owned 23,333,441 shares of the company’s stock, valued at approximately $1,576,407,273.96. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Patrick Dumont sold 135,603 shares of Las Vegas Sands stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $67.96, for a total transaction of $9,215,579.88. Following the transaction, the chief operating officer owned 446,608 shares in the company, valued at approximately $30,351,479.68. This trade represents a 23.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,182,053 shares of company stock valued at $274,336,399 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a $78.00 price objective on shares of Las Vegas Sands in a research report on Wednesday, December 24th. UBS Group boosted their target price on Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Argus increased their target price on shares of Las Vegas Sands from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Barclays lifted their price target on shares of Las Vegas Sands from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Susquehanna upped their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.12.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $60.38 on Wednesday. The firm has a market capitalization of $40.82 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.46 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. The business’s 50-day moving average price is $64.36 and its 200-day moving average price is $58.06. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $70.45.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.