The Manufacturers Life Insurance Company lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,075 shares of the casino operator’s stock after buying an additional 50,941 shares during the period. The Manufacturers Life Insurance Company’s holdings in Las Vegas Sands were worth $16,143,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Orion Portfolio Solutions LLC acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $33,000. Whittier Trust Co. boosted its position in shares of Las Vegas Sands by 212.1% in the first quarter. Whittier Trust Co. now owns 771 shares of the casino operator’s stock worth $33,000 after buying an additional 524 shares during the period. Tower Research Capital LLC TRC boosted its position in Las Vegas Sands by 294.1% during the first quarter. Tower Research Capital LLC TRC now owns 800 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 597 shares during the last quarter. Paragon Capital Management LLC acquired a new stake in Las Vegas Sands during the first quarter valued at $42,000. Finally, Winslow Evans & Crocker Inc. acquired a new stake in Las Vegas Sands during the first quarter valued at $48,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands stock opened at $44.65 on Tuesday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.43 and a current ratio of 1.44. The business’s 50-day simple moving average is $48.41 and its 200-day simple moving average is $55.82. The firm has a market capitalization of $33.09 billion, a PE ratio of 16.24 and a beta of 1.57. Las Vegas Sands Corp. has a 52 week low of $33.30 and a 52 week high of $74.29.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.64 billion. Las Vegas Sands had a return on equity of 28.49% and a net margin of 17.81%. The firm’s revenue for the quarter was down 51.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. Research analysts forecast that Las Vegas Sands Corp. will post -0.36 earnings per share for the current year.

A number of research firms recently issued reports on LVS. Nomura Instinet raised Las Vegas Sands from a “neutral” rating to a “buy” rating in a research report on Sunday, April 19th. Cfra raised Las Vegas Sands from a “sell” rating to a “hold” rating and boosted their price target for the stock from $14.00 to $48.00 in a research report on Friday, April 24th. Wolfe Research raised Las Vegas Sands from a “peer perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research report on Thursday, April 9th. Credit Suisse Group raised Las Vegas Sands from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $62.00 to $58.00 in a research report on Thursday, May 21st. Finally, Barclays reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.59.

Las Vegas Sands Company 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 iconic Marina Bay Sands in Singapore.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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