Principal Financial Group Inc. has significantly reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS). While the company has faced challenges in the Macau market, LVS has several growth strategies in place.
Betting big on premium mass, the market has reflected positively on this move with increasing share prices and numerous price target adjustments by giants like Morgan Stanley.
Institutional owners such as Pekin Hardy Strauss Inc. and Bank of New York Mellon Corp bolstered their stock positions, while ARGA Investment Management LP and World Equity Group Inc. have made adjustments to their holdings. The company has
reported impressive first quarter 2025 results and additional enhancements include considerable donations towards water and hygiene initiatives as well as support for The LGBTQ+ Center of Southern Nevada. Despite missed earnings estimates and slowing growth in Macau,
analysts suggest that LVS is undervalued and presents buying opportunities.
Recent return percentages indicate a promising future despite investor concerns, with further gains anticipated as China business booms. CEO succession plans and scheduled dividend payments bolster the economic outlook of LVS.
Las Vegas Sands Corp LVS News Analytics from Tue, 21 Jan 2025 08:00:00 GMT to Sat, 12 Jul 2025 09:16:20 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor 2
