Bank Julius Baer & Co. Ltd Zurich Cuts Position in Las Vegas Sands Corp. (NYSE:LVS)

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 25.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,393 shares of the casino operator’s stock after selling 476 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Las Vegas Sands were worth $83,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Manchester Financial Inc. grew its holdings in Las Vegas Sands by 64.4% in the fourth quarter. Manchester Financial Inc. now owns 518 shares of the casino operator’s stock worth $31,000 after purchasing an additional 203 shares during the period. Wright Investors Service Inc. grew its holdings in Las Vegas Sands by 1.4% in the fourth quarter. Wright Investors Service Inc. now owns 16,731 shares of the casino operator’s stock worth $997,000 after purchasing an additional 223 shares during the period. Private Capital Group LLC grew its holdings in Las Vegas Sands by 21.8% in the fourth quarter. Private Capital Group LLC now owns 1,283 shares of the casino operator’s stock worth $77,000 after purchasing an additional 230 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Las Vegas Sands by 2.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 10,135 shares of the casino operator’s stock worth $604,000 after buying an additional 270 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Las Vegas Sands by 27.1% in the fourth quarter. Whittier Trust Co. now owns 1,289 shares of the casino operator’s stock worth $77,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 37.30% of the company’s stock.

Shares of NYSE LVS opened at $62.13 on Thursday. The firm has a fifty day moving average price of $62.21 and a 200-day moving average price of $55.54. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.31 and a quick ratio of 1.30. The stock has a market cap of $47.46 billion, a PE ratio of -62.76 and a beta of 1.35. Las Vegas Sands Corp. has a 1 year low of $40.31 and a 1 year high of $66.76.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Tuesday, January 26th. The casino operator reported ($0.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Las Vegas Sands had a negative return on equity of 12.97% and a negative net margin of 12.67%. The business’s revenue for the quarter was down 67.3% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, research analysts expect that Las Vegas Sands Corp. will post -2.06 EPS for the current year.

Several brokerages have recently issued reports on LVS. Zacks Investment Research upgraded shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 target price on the stock in a research note on Tuesday, March 30th. Bank of America downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Monday, February 8th. Morgan Stanley upped their target price on shares of Las Vegas Sands from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 20th. Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, March 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Las Vegas Sands from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, March 11th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.31.

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 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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