Janney Montgomery Scott LLC cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 20.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 40,713 shares of the casino operator’s stock after selling 10,179 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Las Vegas Sands were worth $1,900,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in shares of Las Vegas Sands during the 3rd quarter valued at $27,000. Ninety One SA PTY Ltd acquired a new position in shares of Las Vegas Sands during the 2nd quarter valued at $42,000. Glenmede Trust Co. NA lifted its holdings in shares of Las Vegas Sands by 94.9% during the 2nd quarter. Glenmede Trust Co. NA now owns 918 shares of the casino operator’s stock valued at $41,000 after acquiring an additional 447 shares in the last quarter. Hall Laurie J Trustee acquired a new position in shares of Las Vegas Sands during the 3rd quarter valued at $47,000. Finally, Versant Capital Management Inc acquired a new position in shares of Las Vegas Sands during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 36.45% of the company’s stock.

Shares of NYSE:LVS opened at $55.90 on Friday. 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 Corp. has a fifty-two week low of $33.30 and a fifty-two week high of $74.29. The firm has a 50-day simple moving average of $49.90 and a 200 day simple moving average of $48.46. The company has a market cap of $42.70 billion, a PE ratio of -56.46 and a beta of 1.32.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 21st. The casino operator reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.23). Las Vegas Sands had a negative net margin of 12.67% and a negative return on equity of 12.97%. During the same quarter in the prior year, the company posted $0.75 EPS. As a group, research analysts forecast that Las Vegas Sands Corp. will post -2.02 EPS for the current fiscal year.

A number of equities analysts have commented on LVS shares. JPMorgan Chase & Co. boosted their price objective on shares of Las Vegas Sands from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 17th. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. HSBC lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $50.50 to $53.00 in a report on Monday, November 16th. Jefferies Financial Group boosted their price objective on shares of Las Vegas Sands from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, Stifel Nicolaus cut their price objective on shares of Las Vegas Sands from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Las Vegas Sands has a consensus rating of “Buy” and a consensus price target of $55.00.

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 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 Marina Bay Sands in Singapore.

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

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