Amg National Trust Bank buys $2.4 Million stake in Las Vegas Sands Corp. (LVS)

Las Vegas Sands Corp. (LVS) : Amg National Trust Bank scooped up 10,131 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 May 13, 2016. The investment management firm now holds a total of 53,338 shares of Las Vegas Sands Corp. which is valued at $2.4 Million.Las Vegas Sands Corp. makes up approximately 0.22% of Amg National Trust Bank’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp sold out all of its stake in LVS during the most recent quarter. The investment firm sold 1,277 shares of LVS which is valued $57,325.Group One Trading reduced its stake in LVS by selling 6,372 shares or 30.08% in the most recent quarter. The Hedge Fund company now holds 14,815 shares of LVS which is valued at $665,045. Las Vegas Sands Corp. makes up approx 0.07% of Group One Trading’s portfolio.Cibc World Markets boosted its stake in LVS in the latest quarter, The investment management firm added 1,505 additional shares and now holds a total of 13,342 shares of Las Vegas Sands Corp. which is valued at $606,928.Geneva Advisors reduced its stake in LVS by selling 1,465 shares or 7.52% in the most recent quarter. The Hedge Fund company now holds 18,016 shares of LVS which is valued at $819,548. Las Vegas Sands Corp. makes up approx 0.02% of Geneva Advisors’s portfolio. Parkside Financial Bank Trust added LVS to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $5,004.

Las Vegas Sands Corp. opened for trading at $45.74 and hit $46.56 on the upside on Wednesday, eventually ending the session at $46.3, with a gain of 1.65% or 0.75 points. The heightened volatility saw the trading volume jump to 52,51,801 shares. Company has a market cap of $36,795 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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