Whittier Trust Co. Has $67,000 Stake in Las Vegas Sands Corp. (NYSE:LVS)

Whittier Trust Co. decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the casino operator’s stock after selling 189 shares during the period. Whittier Trust Co.’s holdings in Las Vegas Sands were worth $67,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Manchester Financial Inc. lifted its position in Las Vegas Sands by 64.4% during the 4th quarter. Manchester Financial Inc. now owns 518 shares of the casino operator’s stock worth $31,000 after acquiring an additional 203 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its position in Las Vegas Sands by 52.6% during the 1st quarter. Sugarloaf Wealth Management LLC now owns 580 shares of the casino operator’s stock worth $35,000 after acquiring an additional 200 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Las Vegas Sands during the 4th quarter worth $35,000. RMR Wealth Builders acquired a new position in Las Vegas Sands during the 4th quarter worth $36,000. Finally, Graves Light Private Wealth Management Inc. lifted its position in Las Vegas Sands by 63.8% during the 1st quarter. Graves Light Private Wealth Management Inc. now owns 606 shares of the casino operator’s stock worth $37,000 after acquiring an additional 236 shares during the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands stock opened at $61.06 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 3.60. The stock has a market capitalization of $46.65 billion, a price-to-earnings ratio of -61.68 and a beta of 1.35. Las Vegas Sands Corp. has a 1-year low of $42.43 and a 1-year high of $66.76. The firm’s 50-day moving average price is $61.59 and its two-hundred day moving average price is $57.44.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Tuesday, April 20th. The casino operator reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Las Vegas Sands had a negative net margin of 12.67% and a negative return on equity of 12.97%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. As a group, equities research analysts predict that Las Vegas Sands Corp. will post -2.06 EPS for the current year.

A number of research analysts have recently commented on LVS shares. JPMorgan Chase & Co. upped their price objective on shares of Las Vegas Sands from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, March 15th. Credit Suisse Group upped their price objective on shares of Las Vegas Sands from $58.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Zacks Investment Research raised shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research report on Tuesday, March 30th. Bank of America lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research report on Monday, February 8th. Finally, HSBC cut their price objective on shares of Las Vegas Sands from $55.20 to $53.50 and set a “hold” rating for the company in a research report on Thursday, January 28th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $61.37.

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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