Nomura Asset Management Co. Ltd. grew its stake in
Las Vegas Sands Corp. (NYSE:LVS) by purchasing additional 13078 shares. Meanwhile,
Wells Fargo & Company MN and
US Bancorp DE both trimmed their holdings.
Las Vegas Sands has encountered a period of underperformance in the market but reported better ROE than its industry. The stock reached an oversold condition and showed Q2 loss. Progressively,
Las Vegas Sands beat first quarter and fourth quarter 2023 revenue estimates. Various investing firms, such as
Avantax Advisory Services Inc,
PNC Financial Services Group Inc., and
Quest Partners LLC, acquired new stakes in the company.
Las Vegas Sands presented at the Bernstein Strategic Decisions Conference with a vision as it believes the future of gaming is tied with smart tables. There has been some concern over the company’s price, but recent earnings reports showed promising expectations. Short analysis revealed the company's robust earnings with soaring net income, solidifying a strong Q1 2024 performance.
Clearbridge Investments LLC and
Intech Investment Management LLC boosted their equity stakes in the company. The company approved expansion and governance while extending funding to various community projects. It plans new casino development in Singapore, remaining an important market for the company.
Las Vegas Sands Corp LVS News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Thu, 30 May 2024 18:00:09 GMT -
Rating -3
- Innovation 1
- Information 6
- Rumor -2
