Handelsinvest Investeringsforvaltning Lowers stake in Las Vegas Sands Corp. (LVS)

Las Vegas Sands Corp. (LVS) : Handelsinvest Investeringsforvaltning reduced its stake in Las Vegas Sands Corp. by 57.61% during the most recent quarter end. The investment management company now holds a total of 10,300 shares of Las Vegas Sands Corp. which is valued at $536,424 after selling 14,000 shares in Las Vegas Sands Corp. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Las Vegas Sands Corp. makes up approximately 0.20% of Handelsinvest Investeringsforvaltning’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in LVS in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 485 shares of Las Vegas Sands Corp. which is valued at $24,187. Bach Investment Advisors Ltd added LVS to its portfolio by purchasing 4,831 company shares during the most recent quarter which is valued at $240,922. Las Vegas Sands Corp. makes up approx 1.24% of Bach Investment Advisors Ltd’s portfolio. Boston Advisors sold out all of its stake in LVS during the most recent quarter. The investment firm sold 4,045 shares of LVS which is valued $203,019. Sonora Investment Management sold out all of its stake in LVS during the most recent quarter. The investment firm sold 19 shares of LVS which is valued $892.

Las Vegas Sands Corp. opened for trading at $52.19 and hit $52.8499 on the upside on Monday, eventually ending the session at $52.56, with a gain of 1.47% or 0.76 points. The heightened volatility saw the trading volume jump to 29,23,306 shares. Company has a market cap of $41,772 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 Company’s 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 Company’s 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Las Vegas Sands Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Las Vegas Sands Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.