Mutual Advisors LLC Buys Shares of 6,303 Las Vegas Sands Corp. $LVS

Mutual Advisors LLC bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,303 shares of the casino operator’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Achmea Investment Management B.V. increased its stake in shares of Las Vegas Sands by 55.4% during the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator’s stock valued at $1,213,000 after purchasing an additional 11,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Las Vegas Sands by 18.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock valued at $1,489,000 after purchasing an additional 6,057 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Las Vegas Sands by 69.3% during the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock valued at $21,907,000 after purchasing an additional 232,091 shares in the last quarter. Northern Trust Corp increased its stake in shares of Las Vegas Sands by 0.4% during the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock valued at $119,799,000 after purchasing an additional 12,593 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new stake in shares of Las Vegas Sands during the first quarter valued at approximately $225,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 1.7%

Shares of LVS stock opened at $50.58 on Wednesday. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $58.05. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The firm’s 50 day moving average is $53.31 and its 200 day moving average is $46.34. The stock has a market capitalization of $34.72 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.81 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LVS shares. Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Morgan Stanley raised their price target on shares of Las Vegas Sands from $50.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Barclays raised their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised shares of Las Vegas Sands from a “neutral” rating to an “overweight” rating and raised their price target for the company from $56.00 to $60.00 in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus target price of $60.47.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.