Rhumbline Advisers and Bank of New York Mellon Corp have upped their stock holdings in Las Vegas Sands Corp. However, Van ECK Associates Corp, Banque Cantonale Vaudoise, and Calamos Advisors LLC have decreased their stock position in the company. Notably, Las Vegas Sands insiders have sold US$2.0b worth of stock, potentially indicating caution. Furthermore, Zimmermann Investment Management & Planning LLC and iA Global Asset Management Inc. initiated new investments in the company. Las Vegas Sands has seen its stocks underperforming in the market but also had moments where it outperformed. The company revealed strong quarterly results for both Q1 and Q2 2024 with revenues beating analyst forecasts and net income soaring to $469 million. However, the company's Q2 earnings and revenues lagged the estimates. The corporates Macao and Singapore business contributed significantly to the results maneuvring high debts. Las Vegas Sands was named among Fortune's World's Most Admired Companies and is perceived as a value stock for long-term.Collin Morikawa, a Major Champion, has partnered with the company to help engage with its resorts and empower communities. However, Las Vegas Sands is dealing with near-term headwinds and a downgrade. The company is speculated to be looking at new developments in Singapore and possibly expanding into Thailand
Las Vegas Sands Corp LVS News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sat, 07 Sep 2024 09:11:06 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -2
