Las Vegas Sands Corp. $LVS Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 52.9% in the 1st quarter, Holdings Channel reports. The firm owned 103,008 shares of the casino operator’s stock after selling 115,766 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Las Vegas Sands were worth $5,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of Las Vegas Sands by 222.7% in the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock worth $592,223,000 after buying an additional 6,279,390 shares during the last quarter. Norges Bank bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $364,892,000. Arrowstreet Capital Limited Partnership grew its position in shares of Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after buying an additional 4,154,753 shares during the last quarter. M&T Bank Corp raised its stake in Las Vegas Sands by 33,102.6% during the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock worth $197,463,000 after acquiring an additional 3,051,071 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Las Vegas Sands by 18.7% during the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after acquiring an additional 1,246,206 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Up 1.0%

LVS stock opened at $45.80 on Tuesday. The stock has a market cap of $30.35 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.03 and a beta of 0.83. The firm’s 50-day simple moving average is $48.68 and its 200 day simple moving average is $53.68. Las Vegas Sands Corp. has a fifty-two week low of $44.22 and a fifty-two week high of $70.45. 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 (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. Las Vegas Sands’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings downgraded Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Seaport Research Partners dropped their price target on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price target on Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. UBS Group set a $52.00 price target on Las Vegas Sands in a report on Thursday, July 2nd. Finally, Wells Fargo & Company reduced their price objective on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.31.

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.