Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lifted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 78.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 86,508 shares of the casino operator’s stock after acquiring an additional 38,119 shares during the period. Manning & Napier Advisors LLC’s holdings in Las Vegas Sands were worth $4,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LVS. Wilmington Savings Fund Society FSB acquired a new position in shares of Las Vegas Sands in the third quarter valued at about $26,000. CVA Family Office LLC boosted its position in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the last quarter. UMB Bank n.a. boosted its position in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands in the 3rd quarter worth approximately $34,000. Finally, GAMMA Investing LLC raised its position in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after buying an additional 243 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LVS. UBS Group upped their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 price target (down from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Mizuho lifted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays lowered their target price on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.33.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $43.52 on Thursday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The company’s fifty day moving average price is $50.06 and its 200 day moving average price is $46.72. The stock has a market capitalization of $31.55 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.00 and a beta of 1.09. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.60.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. As a group, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Las Vegas Sands Company Profile

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.