Penn Davis Mcfarland Inc. Buys 2,004 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Penn Davis Mcfarland Inc. grew its stake in Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,047 shares of the casino operator’s stock after acquiring an additional 2,004 shares during the period. Las Vegas Sands accounts for approximately 2.0% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 23rd largest position. Penn Davis Mcfarland Inc.’s holdings in Las Vegas Sands were worth $10,885,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LVS. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands in the 1st quarter valued at about $39,000. Hudock Inc. grew its holdings in Las Vegas Sands by 89.9% during the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock worth $41,000 after purchasing an additional 500 shares during the period. Tyler Stone Wealth Management bought a new position in Las Vegas Sands during the fourth quarter worth about $58,000. Clearstead Advisors LLC grew its holdings in Las Vegas Sands by 43.0% during the first quarter. Clearstead Advisors LLC now owns 1,527 shares of the casino operator’s stock worth $59,000 after purchasing an additional 459 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Las Vegas Sands during the first quarter worth about $60,000. Institutional investors own 39.84% of the company’s stock.

Las Vegas Sands Stock Performance

LVS stock traded up $0.20 during mid-day trading on Friday, hitting $35.49. 566,066 shares of the company were exchanged, compared to its average volume of 5,209,027. The business has a 50 day simple moving average of $37.65 and a 200-day simple moving average of $36.06. The company has a current ratio of 3.35, a quick ratio of 3.33 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $27.12 billion, a PE ratio of 15.48 and a beta of 1.23. Las Vegas Sands Corp. has a 1-year low of $28.88 and a 1-year high of $48.27.

Las Vegas Sands (NYSE:LVSGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). Las Vegas Sands had a net margin of 45.39% and a negative return on equity of 31.93%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $949.40 million. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands Corp. will post -1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LVS shares. JPMorgan Chase & Co. lifted their price target on Las Vegas Sands from $42.00 to $44.00 in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $53.00 to $50.00 in a report on Tuesday, July 19th. Stifel Nicolaus lifted their price target on Las Vegas Sands from $46.00 to $50.00 in a report on Thursday, July 21st. Wells Fargo & Company upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $43.00 to $45.00 in a report on Thursday, July 21st. Finally, UBS Group set a $42.00 price target on Las Vegas Sands in a report on Monday, June 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.38.

Las Vegas Sands Profile

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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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