Gamco Investors INC. ET AL Cuts Stake in Las Vegas Sands Corp. (NYSE:LVS)

Gamco Investors INC. ET AL reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,201 shares of the casino operator’s stock after selling 5,378 shares during the period. Gamco Investors INC. ET AL’s holdings in Las Vegas Sands were worth $5,240,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Las Vegas Sands by 1.2% during the fourth quarter. IFP Advisors Inc now owns 23,472 shares of the casino operator’s stock valued at $885,000 after purchasing an additional 271 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Las Vegas Sands by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 44,898 shares of the casino operator’s stock worth $1,690,000 after acquiring an additional 285 shares in the last quarter. K.J. Harrison & Partners Inc raised its position in Las Vegas Sands by 3.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,800 shares of the casino operator’s stock worth $369,000 after acquiring an additional 300 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Las Vegas Sands by 5.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,319 shares of the casino operator’s stock worth $268,000 after acquiring an additional 370 shares in the last quarter. Finally, Bessemer Group Inc. raised its position 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 worth $43,000 after acquiring an additional 404 shares in the last quarter. Institutional investors and hedge funds own 34.33% of the company’s stock.

LVS has been the topic of several research analyst reports. Morgan Stanley lowered their target price on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Stifel Nicolaus lowered their target price on Las Vegas Sands from $56.00 to $46.00 in a research note on Thursday, April 28th. Wells Fargo & Company lifted their target price on Las Vegas Sands from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, January 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $60.00 to $53.00 in a research note on Thursday, April 28th. Finally, StockNews.com raised Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Hold” and a consensus target price of $49.54.

LVS opened at $33.46 on Monday. The business has a 50 day moving average price of $36.28 and a 200 day moving average price of $38.99. Las Vegas Sands Corp. has a twelve month low of $28.88 and a twelve month high of $59.84. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.13 and a current ratio of 3.14. The firm has a market cap of $25.57 billion, a P/E ratio of 13.88 and a beta of 1.28.

Las Vegas Sands (NYSE:LVSGet Rating) last posted its earnings results on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The company had revenue of $943.00 million during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm posted ($0.25) earnings per share. The firm’s revenue for the quarter was down 21.2% compared to the same quarter last year. As a group, analysts anticipate that Las Vegas Sands Corp. will post -0.64 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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