9,500 Shares in Las Vegas Sands Corp. (NYSE:LVS) Purchased by ARP Americas LP

ARP Americas LP acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,500 shares of the casino operator’s stock, valued at approximately $433,000.

A number of other large investors have also bought and sold shares of the stock. CSat Investment Advisory L.P. lifted its stake in shares of Las Vegas Sands by 13.5% in the first quarter. CSat Investment Advisory L.P. now owns 2,312 shares of the casino operator’s stock worth $98,000 after buying an additional 275 shares in the last quarter. Kessler Investment Group LLC lifted its stake in shares of Las Vegas Sands by 42.2% in the second quarter. Kessler Investment Group LLC now owns 1,169 shares of the casino operator’s stock worth $53,000 after buying an additional 347 shares in the last quarter. Wright Investors Service Inc. lifted its stake in shares of Las Vegas Sands by 2.8% in the first quarter. Wright Investors Service Inc. now owns 13,955 shares of the casino operator’s stock worth $593,000 after buying an additional 381 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Las Vegas Sands by 2.0% in the second quarter. Raymond James Trust N.A. now owns 20,734 shares of the casino operator’s stock worth $944,000 after buying an additional 401 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Las Vegas Sands by 39.1% in the first quarter. Allworth Financial LP now owns 1,447 shares of the casino operator’s stock worth $61,000 after buying an additional 407 shares in the last quarter. 38.05% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Credit Suisse Group upgraded shares of Las Vegas Sands from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $62.00 to $58.00 in a research note on Thursday, May 21st. Deutsche Bank upped their target price on shares of Las Vegas Sands from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Nomura Securities upgraded shares of Las Vegas Sands from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, April 17th. UBS Group decreased their price objective on shares of Las Vegas Sands from $54.00 to $53.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Finally, Roth Capital decreased their price objective on shares of Las Vegas Sands from $69.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.06.

LVS stock traded down $1.86 during midday trading on Friday, reaching $43.64. 4,675,582 shares of the company’s stock traded hands, compared to its average volume of 5,712,348. Las Vegas Sands Corp. has a 52-week low of $33.30 and a 52-week high of $74.29. The stock has a market cap of $33.33 billion, a P/E ratio of 99.18 and a beta of 1.59. The company has a current ratio of 1.59, a quick ratio of 1.43 and a debt-to-equity ratio of 3.04. The stock’s 50-day moving average is $46.49 and its 200 day moving average is $52.13.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported ($1.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.33). Las Vegas Sands had a net margin of 3.95% and a return on equity of 7.46%. The business had revenue of $98.00 million for the quarter, compared to analysts’ expectations of $738.91 million. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, research analysts expect that Las Vegas Sands Corp. will post -1.49 EPS for the current fiscal year.

About Las Vegas Sands

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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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