Las Vegas Sands Corp. $LVS Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its position in Las Vegas Sands Corp. (NYSE:LVS) by 737.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 31,320 shares of the casino operator’s stock after buying an additional 27,579 shares during the quarter. Convergence Investment Partners LLC’s holdings in Las Vegas Sands were worth $1,688,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after acquiring an additional 2,418 shares in the last quarter. Woodline Partners LP raised its holdings in Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Las Vegas Sands by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after purchasing an additional 1,027 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Las Vegas Sands during the second quarter worth about $414,000. Finally, Cerity Partners LLC lifted its position in Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after purchasing an additional 7,243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Seaport Research Partners cut their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Wells Fargo & Company reduced their price target on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. The Goldman Sachs Group decreased their price target on Las Vegas Sands from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Barclays dropped their price objective on Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $65.31.

Las Vegas Sands Stock Down 0.8%

Shares of NYSE LVS opened at $45.43 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. Las Vegas Sands Corp. has a 52 week low of $44.22 and a 52 week high of $70.45. The firm has a 50-day moving average price of $48.55 and a 200 day moving average price of $53.54. The stock has a market capitalization of $30.10 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.04 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. Equities research analysts anticipate that Las Vegas Sands Corp. will post 3.37 EPS for the current fiscal year.

Las Vegas Sands Company 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.