Peconic Partners LLC Makes New $11.62 Million Investment in Las Vegas Sands Corp.(NYSE:LVS) Tweet
Peconic Partners LLC purchased a new position in Las Vegas Sands Corp.(NYSE:LVS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).The institutional investor purchased 195,000 shares of the casino operator’s stock, valued at approximately $11,622,000.Las Vegas Sands makes up approximately 1.4% of Peconic Partners LLC’s portfolio, making the stock its 11th largest position.
Several other institutional investors also recently modified their holdings of LVS.
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Las Vegas Sands by 8.2% in the third quarter.BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 59,604 shares of the casino operator’s stock worth $2,781,000 after purchasing an additional 4,534 shares during the last quarter.Scotia Capital Inc.
increased its position in shares of Las Vegas Sands by 50.5% during the third quarter.Scotia Capital Inc.now owns 16,867 shares of the casino operator’s stock valued at $787,000 after acquiring an additional 5,658 shares during the last quarter.Neuberger Berman Group LLC increased its position in shares of Las Vegas Sands by 32.1% during the third quarter.Neuberger Berman Group LLC now owns 1,222,440 shares of the casino operator’s stock valued at $57,016,000 after acquiring an additional 296,916 shares during the last quarter.Cibc World Markets Corp increased its position in shares of Las Vegas Sands by 304.5% during the third quarter.Cibc World Markets Corp now owns 133,510 shares of the casino operator’s stock valued at $6,230,000 after acquiring an additional 100,507 shares during the last quarter.Finally, Kestra Advisory Services LLC purchased a new stake in shares of Las Vegas Sands during the third quarter valued at approximately $1,008,000.
37.30% of the stock is owned by hedge funds and other institutional investors.Get Las Vegas Sands alerts:
NYSE:LVS traded up $0.28 during trading hours on Friday, hitting $61.00.3,665,008 shares of the company’s stock traded hands, compared to its average volume of 7,237,088.The firm has a market cap of $46.59 billion, a P/E ratio of -61.62 and a beta of 1.35.Las Vegas Sands Corp.
has a 52 week low of $36.80 and a 52 week high of $66.76.The business’s fifty day simple moving average is $60.72 and its two-hundred day simple moving average is $54.91.The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 3.60.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Tuesday, January 26th.The casino operator reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.05).The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.30 billion.Las Vegas Sands had a negative net margin of 12.67% and a negative return on equity of 12.97%.
Las Vegas Sands’s quarterly revenue was down 67.3% on a year-over-year basis.During the same period in the prior year, the business posted $0.88 EPS.On average, analysts expect that Las Vegas Sands Corp.will post -2.06 EPS for the current year.
A number of brokerages recently commented on LVS.
Deutsche Bank Aktiengesellschaft increased their price target on Las Vegas Sands from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, March 11th.JPMorgan Chase & Co.increased their price objective on Las Vegas Sands from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, March 15th.Macquarie increased their price objective on Las Vegas Sands from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, December 2nd.
Stifel Nicolaus increased their price objective on Las Vegas Sands from $68.00 to $77.00 and gave the company a “buy” rating in a report on Monday, March 15th.Finally, HSBC reduced their price objective on Las Vegas Sands from $55.20 to $53.50 and set a “hold” rating for the company in a report on Thursday, January 28th.One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock.The stock presently has a consensus rating of “Buy” and an average target price of $57.53.
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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