Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Inlet Private Wealth LLC

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Inlet Private Wealth LLC reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 36.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,950 shares of the casino operator’s stock after selling 9,700 shares during the quarter. Inlet Private Wealth LLC’s holdings in Las Vegas Sands were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. TrinityPoint Wealth LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at approximately $2,505,000. Global Retirement Partners LLC lifted its stake in shares of Las Vegas Sands by 1,835.2% in the 3rd quarter. Global Retirement Partners LLC now owns 10,547 shares of the casino operator’s stock valued at $492,000 after purchasing an additional 10,002 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Las Vegas Sands by 103.8% in the 2nd quarter. ProShare Advisors LLC now owns 62,639 shares of the casino operator’s stock valued at $2,853,000 after purchasing an additional 31,900 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of Las Vegas Sands by 33.4% in the 2nd quarter. Cibc World Markets Corp now owns 33,003 shares of the casino operator’s stock valued at $1,503,000 after purchasing an additional 8,270 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Las Vegas Sands by 107.3% in the 2nd quarter. Nordea Investment Management AB now owns 37,506 shares of the casino operator’s stock valued at $1,654,000 after purchasing an additional 19,414 shares in the last quarter. 36.45% of the stock is owned by institutional investors and hedge funds.

LVS stock traded down $0.37 during midday trading on Friday, hitting $45.37. 3,108,199 shares of the company’s stock were exchanged, compared to its average volume of 6,861,981. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 3.04. Las Vegas Sands Corp. has a 12-month low of $33.30 and a 12-month high of $74.29. The firm has a 50 day moving average price of $48.65 and a 200-day moving average price of $47.19. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 103.12 and a beta of 1.48.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 22nd. The casino operator reported ($1.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.33). Las Vegas Sands had a net margin of 3.95% and a return on equity of 7.46%. The firm had revenue of $98.00 million during the quarter, compared to the consensus estimate of $738.91 million. During the same quarter last year, the firm posted $0.72 earnings per share. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post -1.58 EPS for the current fiscal year.

Several equities analysts recently commented on LVS shares. Deutsche Bank Aktiengesellschaft boosted their price target on Las Vegas Sands from $54.00 to $60.00 in a research report on Thursday, September 10th. Zacks Investment Research lowered Las Vegas Sands from a “hold” rating to a “sell” rating and set a $49.00 price target on the stock. in a research report on Tuesday, June 23rd. Bank of America reissued a “buy” rating and set a $61.00 price target on shares of Las Vegas Sands in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $53.00 to $57.00 in a research report on Wednesday, September 9th. Finally, Morgan Stanley boosted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $56.06.

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 Sands Cotai Central, 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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