Las Vegas Sands Corp. (LVS) : Formidable Asset Management reduced its stake in Las Vegas Sands Corp. by 0.57% during the most recent quarter end. The investment management company now holds a total of 51,258 shares of Las Vegas Sands Corp. which is valued at $2,655,164 after selling 295 shares in Las Vegas Sands Corp. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Las Vegas Sands Corp. makes up approximately 1.46% of Formidable Asset Management’s portfolio.
Other Hedge Funds, Including , Usa Mutuals Advisors boosted its stake in LVS in the latest quarter, The investment management firm added 4,800 additional shares and now holds a total of 196,020 shares of Las Vegas Sands Corp. which is valued at $10,153,836. Las Vegas Sands Corp. makes up approx 5.52% of Usa Mutuals Advisors’s portfolio.Cibc Asset Management Inc boosted its stake in LVS in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 29,302 shares of Las Vegas Sands Corp. which is valued at $1,464,221. Las Vegas Sands Corp. makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Riverpark Advisors reduced its stake in LVS by selling 20,000 shares or 9.23% in the most recent quarter. The Hedge Fund company now holds 196,781 shares of LVS which is valued at $9,833,147. Las Vegas Sands Corp. makes up approx 4.52% of Riverpark Advisors’s portfolio.Hartford Investment Management Co boosted its stake in LVS in the latest quarter, The investment management firm added 1,064 additional shares and now holds a total of 10,221 shares of Las Vegas Sands Corp. which is valued at $483,658. Las Vegas Sands Corp. makes up approx 0.01% of Hartford Investment Management Co’s portfolio.
Las Vegas Sands Corp. opened for trading at $50.42 and hit $51.09 on the upside on Monday, eventually ending the session at $50.9, with a gain of 1.13% or 0.57 points. The heightened volatility saw the trading volume jump to 27,31,117 shares. Company has a market cap of $40,453 M.
On the company’s financial health, Las Vegas Sands Corp. reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $0.56. The company had revenue of $2650.00 million for the quarter, compared to analysts expectations of $2750.98 million. The company’s revenue was down -9.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Investors should note that on Jul 25, 2016, Las Vegas Sands Corp. announced a cash dividend of $0.7200. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on Las Vegas Sands Corp.. Company shares were Reiterated by Telsey Advisory Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Shares were Reiterated by UBS on Jul 8, 2016 to “Neutral” and Lowered the Price Target to $ 44 from a previous price target of $52 .
Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations gaming entertainment and retail convention and exhibition facilities celebrity chef restaurants and other amenities. The Companys principal operating and developmental activities occur in three geographic areas: Macao Singapore and the United States. In Macao its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao and Other Asia (that includes its ferry operations and various other operations). In Singapore its operating segment is Marina Bay Sands. In the United States its operating segments are The Venetian Las Vegas which includes the Sands Expo Center and The Palazzo and Sands Bethlehem. The Paiza Club located at the Companys properties is an invitation-only club which offers a range of services and amenities. The Company also offers players club loyalty programs at its properties.