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

Manning & Napier Advisors LLC boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,508 shares of the casino operator's stock after purchasing an additional 38,119 shares during the quarter. Manning & Napier Advisors LLC's holdings in Las Vegas Sands were worth $4,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in shares of Las Vegas Sands by 97.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator's stock worth $4,518,000 after acquiring an additional 44,223 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Las Vegas Sands by 1.4% during the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock worth $283,284,000 after purchasing an additional 77,807 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Las Vegas Sands during the 2nd quarter valued at $619,000. Clearbridge Investments LLC boosted its position in shares of Las Vegas Sands by 29.9% in the 2nd quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator's stock worth $36,882,000 after purchasing an additional 191,805 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Las Vegas Sands by 33.3% during the 3rd quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator's stock valued at $27,590,000 after buying an additional 136,859 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Stock Performance

NYSE LVS traded up $5.12 during mid-day trading on Thursday, reaching $48.55. 8,885,426 shares of the stock were exchanged, compared to its average volume of 5,107,432. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.60. 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 business's 50 day moving average is $49.94 and its 200-day moving average is $46.70. The company has a market capitalization of $35.20 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.00 and a beta of 1.09.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted 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 net margin of 13.29% and a return on equity of 44.26%. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LVS. Wells Fargo & Company lowered their price target on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday. Morgan Stanley reaffirmed an "equal weight" rating and issued a $51.00 price target (down previously from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Susquehanna boosted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 16th. Finally, UBS Group raised their target price on Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average price target of $60.25.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Company insiders own 0.91% of the company's stock.

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.