Las Vegas Sands Corp. (LVS) : Minneapolis Portfolio Management Group scooped up 45,215 additional shares in Las Vegas Sands Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 406,940 shares of Las Vegas Sands Corp. which is valued at $20,334,792.Las Vegas Sands Corp. makes up approximately 3.49% of Minneapolis Portfolio Management Group’s portfolio.
Other Hedge Funds, Including , Boston Private Wealth reduced its stake in LVS by selling 12,824 shares or 15.65% in the most recent quarter. The Hedge Fund company now holds 69,114 shares of LVS which is valued at $3,453,627. Las Vegas Sands Corp. makes up approx 0.14% of Boston Private Wealth’s portfolio. Cypress Capital Management (wy) sold out all of its stake in LVS during the most recent quarter. The investment firm sold 1,000 shares of LVS which is valued $50,650. Americafirst Capital Management added LVS to its portfolio by purchasing 4,151 company shares during the most recent quarter which is valued at $194,931. Las Vegas Sands Corp. makes up approx 0.13% of Americafirst Capital Management’s portfolio.Washington Trust Bank boosted its stake in LVS in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 1,000 shares of Las Vegas Sands Corp. which is valued at $44,130. Las Vegas Sands Corp. makes up approx 0.01% of Washington Trust Bank’s portfolio.
Las Vegas Sands Corp. opened for trading at $50.24 and hit $50.97 on the upside on Thursday, eventually ending the session at $50.19, with a gain of 0.44% or 0.22 points. The heightened volatility saw the trading volume jump to 32,78,127 shares. Company has a market cap of $39,887 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.