November 28, 2016 - By Pete Kolinski · 0 Comments
Las Vegas Sands Corp (NYSE:LVS) institutional sentiment increased to 1.13 in Q2 2016. Its up 0.03, from 1.1 in 2016Q1. The ratio is more positive, as 210 investment professionals increased and started new holdings, while 191 cut down and sold their stakes in Las Vegas Sands Corp. The investment professionals in our partner’s database now own: 297.43 million shares, down from 306.52 million shares in 2016Q1. Also, the number of investment professionals holding Las Vegas Sands Corp in their top 10 holdings decreased from 11 to 6 for a decrease of 5. Sold All: 72 Reduced: 119 Increased: 168 New Position: 42.
Las Vegas Sands Corp. 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 has a market cap of $50.28 billion. The Firm owns and operates integrated resorts in Asia and the United States. It has a 30.71 P/E ratio. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States.
The stock increased 0.67% or $0.42 on November 25, hitting $62.84. Las Vegas Sands Corp. (NYSE:LVS) has risen 37.15% since April 25, 2016 and is uptrending. It has outperformed by 31.13% the S&P500.
Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on January, 25. They expect $0.64 EPS, up 3.23% or $0.02 from last year’s $0.62 per share. LVS’s profit will be $512.08 million for 24.55 P/E if the $0.64 EPS becomes a reality. After $0.72 actual EPS reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
According to Zacks Investment Research, “Las Vegas Sands Corp. is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People’s Republic of China’s Special Administrative Region of Macao.”
Northern Cross Llc holds 24.86% of its portfolio in Las Vegas Sands Corp. for 39.05 million shares. Newport Asia Llc owns 1.34 million shares or 16.91% of their US portfolio. Moreover, Riverpark Advisors Llc has 4.19% invested in the company for 196,781 shares. The New York-based Riverpark Capital Management Llc has invested 3.57% in the stock. Sandhill Capital Partners Llc, a New York-based fund reported 240,547 shares.#img1#
Ratings analysis reveals 53% of Las Vegas Sands’s analysts are positive. Out of 15 Wall Street analysts rating Las Vegas Sands, 8 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $42 while the high is $65. The stock’s average target of $51.62 is -17.85% below today’s ($62.84) share price. LVS was included in 32 notes of analysts from July 23, 2015. The company was maintained on Tuesday, January 26 by Susquehanna. The rating was initiated by Gabelli with “Buy” on Tuesday, October 27. The stock of Las Vegas Sands Corp. (NYSE:LVS) has “Buy” rating given on Thursday, April 21 by Stifel Nicolaus. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Buy” rating by Stifel Nicolaus on Thursday, July 23. Stifel Nicolaus maintained it with “Hold” rating and $60 target price in Thursday, October 22 report. As per Thursday, September 17, the company rating was downgraded by Vetr. Buckingham Research initiated the shares of LVS in a report on Thursday, August 11 with “Neutral” rating. Telsey Advisory Group maintained the shares of LVS in a report on Thursday, January 28 with “Market Perform” rating. Deutsche Bank maintained Las Vegas Sands Corp. (NYSE:LVS) rating on Wednesday, October 19. Deutsche Bank has “Hold” rating and $44 price target. The firm has “Outperform” rating given on Friday, April 29 by CLSA.
Las Vegas Sands Corp., incorporated on August 9, 2004, is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Firm owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s divisions are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry activities and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s divisions 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 services and amenities, including luxury accommodations, restaurants, lounges and private gaming salons. The Firm also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events.
More news for Las Vegas Sands Corp. (NYSE:LVS) were recently published by: Fool.com, which released: “What to Look For When Las Vegas Sands Corp. Reports Earnings” on October 30, 2016. Wsj.com‘s article titled: “Las Vegas Sands Reports Improving Results” and published on November 03, 2016 is yet another important article.
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By Pete Kolinski