Wedmont Private Capital recently made a significant investment in Las Vegas Sands Corp. by purchasing a new stake in the company. The firm acquired 3,853 shares of the casino operator’s stock, amounting to approximately $202,000. This move indicates Wedmont Private Capital’s confidence in the potential growth and performance of Las Vegas Sands Corp.
In addition to Wedmont Private Capital, several other hedge funds and institutional investors have also shown interest in Las Vegas Sands Corp. Delos Wealth Advisors LLC, Venturi Wealth Management LLC, Mizuho Securities Co. Ltd., Accent Capital Management LLC, and Vestor Capital LLC are some of the entities that have recently bought shares of the company. Currently, 39.16% of Las Vegas Sands Corp. is owned by institutional investors, highlighting the attractiveness of the company’s stock.
Wall Street analysts have shared their insights on Las Vegas Sands Corp., with various target prices and ratings. While some analysts have raised their target prices and given the stock a “buy” rating, others have lowered their target prices but maintained a positive outlook on the company. Overall, Las Vegas Sands Corp. has received a moderate buy rating from analysts, with an average target price of $63.31.
Las Vegas Sands Corp.’s stock performance has shown some fluctuations, with the company’s shares opening at $45.91 on Monday. The business’s performance metrics, including its moving averages, debt-to-equity ratio, and market cap, indicate its position in the market. The company’s recent quarterly earnings report exceeded analysts’ expectations, with a net margin and return on equity reflecting positive growth.
Furthermore, Las Vegas Sands Corp. recently announced a quarterly dividend, demonstrating its commitment to rewarding shareholders. The company’s dividend payout ratio and yield provide additional insights into its financial health and stability. Investors can look forward to potential returns from their investment in Las Vegas Sands Corp.
Las Vegas Sands Corp. operates integrated resorts in Macao and Singapore, including well-known properties such as The Venetian Macao Resort Hotel and Marina Bay Sands. The company’s diverse portfolio and strategic locations contribute to its appeal to investors and customers alike.
Overall, Wedmont Private Capital’s investment in Las Vegas Sands Corp. reflects a positive outlook on the company’s future growth and performance. With support from institutional investors and favorable ratings from analysts, Las Vegas Sands Corp. continues to be a prominent player in the casino and resort industry. Investors and stakeholders can monitor the company’s progress and financial updates to make informed decisions regarding their investment portfolios.
