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 5.09% during the most recent quarter end. The investment management company now holds a total of 216,781 shares of Las Vegas Sands Corp. which is valued at $9,861,368 after selling 11,631 shares in Las Vegas Sands Corp. , the firm said in a disclosure report filed with the SEC on May 3, 2016.Las Vegas Sands Corp. makes up approximately 4.75% of Riverpark Advisors’s portfolio.

Other Hedge Funds, Including , Cambridge Investment Research Advisors reduced its stake in LVS by selling 1,468 shares or 7.96% in the most recent quarter. The Hedge Fund company now holds 16,965 shares of LVS which is valued at $771,738. Las Vegas Sands Corp. makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.Great West Life Assurance Co Can boosted its stake in LVS in the latest quarter, The investment management firm added 17,067 additional shares and now holds a total of 247,264 shares of Las Vegas Sands Corp. which is valued at $11,163,970. Las Vegas Sands Corp. makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.Davenport Co boosted its stake in LVS in the latest quarter, The investment management firm added 59,522 additional shares and now holds a total of 780,812 shares of Las Vegas Sands Corp. which is valued at $35,253,662. Las Vegas Sands Corp. makes up approx 0.55% of Davenport Co’s portfolio.Grimes Company reduced its stake in LVS by selling 3,113 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 97,475 shares of LVS which is valued at $4,400,996. Las Vegas Sands Corp. makes up approx 0.57% of Grimes Company’s portfolio.Valley National Advisers Inc reduced its stake in LVS by selling 93 shares or 34.83% in the most recent quarter. The Hedge Fund company now holds 174 shares of LVS which is valued at $8,155.

Las Vegas Sands Corp. opened for trading at $45.17 and hit $46.27 on the upside on Tuesday, eventually ending the session at $46.12, with a gain of 2.60% or 1.17 points. The heightened volatility saw the trading volume jump to 24,22,987 shares. Company has a market cap of $36,652 M.

On the company’s financial health, Las Vegas Sands Corp. reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.63. The company had revenue of $2716.20 million for the quarter, compared to analysts expectations of $2878.64 million. The company’s revenue was down -9.8 % 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 Telsey Advisory Group on Apr 21, 2016 to “Market Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .Las Vegas Sands Corp. was Downgraded by JP Morgan to ” Neutral” on Apr 21, 2016. Company shares were Reiterated by Stifel on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .

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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