Vontobel Asset Management Inc buys $368,201,622 stake in Las Vegas Sands Corp. (LVS)

Las Vegas Sands Corp. (LVS) : Vontobel Asset Management Inc scooped up 1,434,774 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 Oct 11, 2016. The investment management firm now holds a total of 6,233,310 shares of Las Vegas Sands Corp. which is valued at $368,201,622.Las Vegas Sands Corp. makes up approximately 2.92% of Vontobel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in LVS in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 2,366 shares of Las Vegas Sands Corp. which is valued at $138,127. Las Vegas Sands Corp. makes up approx 0.03% of Advisory Services Network’s portfolio.Washington Trust Bank reduced its stake in LVS by selling 948 shares or 94.8% in the most recent quarter. The Hedge Fund company now holds 52 shares of LVS which is valued at $3,061.Newport Asia boosted its stake in LVS in the latest quarter, The investment management firm added 548,300 additional shares and now holds a total of 1,891,000 shares of Las Vegas Sands Corp. which is valued at $111,323,170. Las Vegas Sands Corp. makes up approx 21.86% of Newport Asia’s portfolio.

Las Vegas Sands Corp. closed down -0.11 points or -0.19% at $58.96 with 40,38,386 shares getting traded on Tuesday. Post opening the session at $59.43, the shares hit an intraday low of $58.77 and an intraday high of $60 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Las Vegas Sands Corp.. Las Vegas Sands Corp. was Upgraded by BofA/Merrill to ” Buy” on Oct 4, 2016. Las Vegas Sands Corp. was Upgraded by Argus to ” Buy” on Sep 14, 2016. Company shares were Reiterated by Stifel on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 61 from a previous price target of $56 .

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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