Riverpark Advisors Lowers stake in Las Vegas Sands Corp. (LVS)

Las Vegas Sands Corp. (LVS) : Riverpark Advisors reduced its stake in Las Vegas Sands Corp. by 9.23% during the most recent quarter end. The investment management company now holds a total of 196,781 shares of Las Vegas Sands Corp. which is valued at $11,413,298 after selling 20,000 shares in Las Vegas Sands Corp. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Las Vegas Sands Corp. makes up approximately 5.31% of Riverpark Advisors’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc reduced its stake in LVS by selling 3,301 shares or 18.06% in the most recent quarter. The Hedge Fund company now holds 14,975 shares of LVS which is valued at $868,550.Victory Capital Management Inc boosted its stake in LVS in the latest quarter, The investment management firm added 10,238 additional shares and now holds a total of 46,078 shares of Las Vegas Sands Corp. which is valued at $2,614,466. Las Vegas Sands Corp. makes up approx 0.01% of Victory Capital Management Inc’s portfolio.Nordea Investment Management Ab boosted its stake in LVS in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 12,524 shares of Las Vegas Sands Corp. which is valued at $721,257.Advisors Asset Management boosted its stake in LVS in the latest quarter, The investment management firm added 44,542 additional shares and now holds a total of 444,712 shares of Las Vegas Sands Corp. which is valued at $26,073,465. Las Vegas Sands Corp. makes up approx 0.45% of Advisors Asset Management’s portfolio.

Las Vegas Sands Corp. opened for trading at $60.03 and hit $60.95 on the upside on Monday, eventually ending the session at $60.59, with a gain of 1.32% or 0.79 points. The heightened volatility saw the trading volume jump to 38,18,622 shares. Company has a market cap of $48,157 M.

On the company’s financial health, Las Vegas Sands Corp. reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.60. The company had revenue of $2968.50 million for the quarter, compared to analysts expectations of $2819.60 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Las Vegas Sands Corp.. Company shares were Reiterated by Stifel on Nov 4, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $61 .Company shares were Reiterated by Telsey Advisory Group on Nov 4, 2016 to “Market Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .Company shares were Reiterated by Deutsche Bank on Oct 19, 2016 to “Hold”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .

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.

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