Mirae Asset Global Investments Ltd. Lowers stake in Las Vegas Sands Corp. (LVS)

Las Vegas Sands Corp. (LVS) : Mirae Asset Global Investments Ltd. reduced its stake in Las Vegas Sands Corp. by 9.45% during the most recent quarter end. The investment management company now holds a total of 572,929 shares of Las Vegas Sands Corp. which is valued at $25.7 Million after selling 59,821 shares in Las Vegas Sands Corp. , the firm said in a disclosure report filed with the SEC on May 12, 2016.Las Vegas Sands Corp. makes up approximately 0.71% of Mirae Asset Global Investments Ltd.’s portfolio.

Other Hedge Funds, Including , Primecap Management Coca boosted its stake in LVS in the latest quarter, The investment management firm added 326,000 additional shares and now holds a total of 2,502,481 shares of Las Vegas Sands Corp. which is valued at $112.3 Million. Las Vegas Sands Corp. makes up approx 0.13% of Primecap Management Coca’s portfolio.Td Asset Management Inc boosted its stake in LVS in the latest quarter, The investment management firm added 73,200 additional shares and now holds a total of 163,753 shares of Las Vegas Sands Corp. which is valued at $7.4 Million. Las Vegas Sands Corp. makes up approx 0.01% of Td Asset Management Inc’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in LVS by selling 19,280 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 459,444 shares of LVS which is valued at $20.9 Million. Las Vegas Sands Corp. makes up approx 0.08% of State Board Of Administration Of Florida Retirement System’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in LVS by selling 1,900 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 53,889 shares of LVS which is valued at $2.4 Million. Las Vegas Sands Corp. makes up approx 0.03% of Nisa Investment Advisors L.l.c.’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in LVS by selling 249,046 shares or 74.07% in the most recent quarter. The Hedge Fund company now holds 87,206 shares of LVS which is valued at $3.9 Million. Las Vegas Sands Corp. makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.

Las Vegas Sands Corp. opened for trading at $44.71 and hit $45.26 on the upside on Friday, eventually ending the session at $44.99, with a gain of 1.51% or 0.67 points. The heightened volatility saw the trading volume jump to 24,90,378 shares. Company has a market cap of $35,754 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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