Kentucky Retirement Systems Insurance Trust Fund Sells 421 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,578 shares of the casino operator’s stock after selling 421 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Las Vegas Sands were worth $361,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management bought a new position in Las Vegas Sands in the third quarter valued at about $25,000. Desjardins Global Asset Management Inc. bought a new position in Las Vegas Sands in the fourth quarter valued at about $40,000. Bessemer Group Inc. boosted its holdings in Las Vegas Sands by 54.7% in the fourth quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 404 shares during the last quarter. Allworth Financial LP boosted its holdings in Las Vegas Sands by 28.3% in the third quarter. Allworth Financial LP now owns 1,482 shares of the casino operator’s stock valued at $54,000 after acquiring an additional 327 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Las Vegas Sands by 223.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,694 shares of the casino operator’s stock valued at $64,000 after acquiring an additional 1,171 shares during the last quarter. Institutional investors and hedge funds own 34.33% of the company’s stock.

LVS has been the topic of several recent research reports. Morgan Stanley raised their price target on Las Vegas Sands from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 27th. The Goldman Sachs Group raised Las Vegas Sands from a “buy” rating to a “conviction-buy” rating and set a $66.00 target price on the stock in a research note on Sunday, January 16th. 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 note on Monday, April 4th. Finally, StockNews.com initiated coverage on Las Vegas Sands in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.23.

Shares of NYSE LVS traded up $1.55 during mid-day trading on Tuesday, reaching $38.20. 164,417 shares of the company’s stock were exchanged, compared to its average volume of 8,649,114. The firm has a market capitalization of $29.18 billion, a price-to-earnings ratio of -29.09 and a beta of 1.31. 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 has a fifty day simple moving average of $40.19 and a 200 day simple moving average of $39.75. Las Vegas Sands Corp. has a twelve month low of $31.26 and a twelve month high of $62.85.

Las Vegas Sands (NYSE:LVSGet Rating) last announced its earnings results on Wednesday, January 26th. The casino operator reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.01. Las Vegas Sands had a negative return on equity of 33.44% and a negative net margin of 22.70%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm earned ($0.37) EPS. Las Vegas Sands’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts predict that Las Vegas Sands Corp. will post 0.16 earnings per share for the current fiscal year.

Las Vegas Sands Company Profile (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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