South Dakota Investment Council Grows Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

South Dakota Investment Council increased its position in shares of Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 515,221 shares of the casino operator’s stock after buying an additional 77,230 shares during the quarter. South Dakota Investment Council owned about 0.07% of Las Vegas Sands worth $19,393,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC raised its position in shares of Las Vegas Sands by 15.9% during the 4th quarter. NewEdge Wealth LLC now owns 9,613 shares of the casino operator’s stock valued at $362,000 after buying an additional 1,316 shares during the period. KBC Group NV raised its position in Las Vegas Sands by 42.6% in the third quarter. KBC Group NV now owns 105,414 shares of the casino operator’s stock valued at $3,858,000 after purchasing an additional 31,496 shares during the period. Treasurer of the State of North Carolina raised its position in Las Vegas Sands by 0.9% in the third quarter. Treasurer of the State of North Carolina now owns 146,835 shares of the casino operator’s stock valued at $5,374,000 after purchasing an additional 1,300 shares during the period. Desjardins Global Asset Management Inc. purchased a new stake in Las Vegas Sands in the fourth quarter valued at approximately $40,000. Finally, North Star Investment Management Corp. raised its position in Las Vegas Sands by 28.2% in the fourth quarter. North Star Investment Management Corp. now owns 20,025 shares of the casino operator’s stock valued at $754,000 after purchasing an additional 4,400 shares during the period. 34.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LVS stock traded down $0.25 on Friday, reaching $35.43. 6,083,862 shares of the stock were exchanged, compared to its average volume of 5,343,988. The company has a current ratio of 2.15, a quick ratio of 2.14 and a debt-to-equity ratio of 6.55. The business’s 50 day moving average price is $38.31 and its 200 day moving average price is $39.62. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 14.70 and a beta of 1.31. Las Vegas Sands Corp. has a twelve month low of $31.26 and a twelve month high of $61.81.

Las Vegas Sands (NYSE:LVSGet Rating) last issued its earnings results on Wednesday, April 27th. The casino operator reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The firm had revenue of $943.00 million for the quarter, compared to analyst estimates of $1.13 billion. Las Vegas Sands had a negative return on equity of 40.02% and a net margin of 46.40%. The business’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.25) EPS. Equities research analysts forecast that Las Vegas Sands Corp. will post 0.03 earnings per share for the current year.

A number of analysts have issued reports on LVS shares. Wells Fargo & Company boosted their target price on Las Vegas Sands from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, January 27th. Zacks Investment Research raised Las Vegas Sands from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a research report on Monday, April 4th. Bank of America lowered Las Vegas Sands from a “neutral” rating to an “underperform” rating and cut their target price for the company from $46.00 to $40.00 in a research report on Monday, January 10th. UBS Group raised Las Vegas Sands from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, January 19th. Finally, JPMorgan Chase & Co. raised Las Vegas Sands from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $48.00 in a research report on Tuesday, January 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of “Hold” and a consensus target price of $49.54.

About Las Vegas Sands (Get Rating)

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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