Virtus Investment Advisers adds Las Vegas Sands Corp. (LVS) to its portfolio

Las Vegas Sands Corp. (LVS) : Virtus Investment Advisers added new position in Las Vegas Sands Corp. during the most recent quarter end. The investment management firm now holds 1,510,055 shares of Las Vegas Sands Corp. which is valued at $87,583,190 , the company said in a statement filed on Nov 14, 2016 with the SEC.Las Vegas Sands Corp. makes up approximately 7.22% of Virtus Investment Advisers’s portfolio.

Other Hedge Funds, Including , Capital International Sarl boosted its stake in LVS in the latest quarter, The investment management firm added 7,900 additional shares and now holds a total of 66,250 shares of Las Vegas Sands Corp. which is valued at $3,778,900. Las Vegas Sands Corp. makes up approx 0.34% of Capital International Sarl’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in LVS by selling 161,740 shares or 21.2% in the most recent quarter. The Hedge Fund company now holds 601,167 shares of LVS which is valued at $35,895,682. Las Vegas Sands Corp. makes up approx 0.34% of Nn Investment Partners Holdings N.v.’s portfolio.Ubs Asset Management Americas Inc reduced its stake in LVS by selling 113,436 shares or 5.56% in the most recent quarter. The Hedge Fund company now holds 1,925,803 shares of LVS which is valued at $113,776,441. Las Vegas Sands Corp. makes up approx 0.13% of Ubs Asset Management Americas Inc’s portfolio.California Public Employees Retirement System reduced its stake in LVS by selling 41,100 shares or 4.15% in the most recent quarter. The Hedge Fund company now holds 948,100 shares of LVS which is valued at $54,942,395. Las Vegas Sands Corp. makes up approx 0.09% of California Public Employees Retirement System’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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