Northern Cross buys $1,951,526,731 stake in Las Vegas Sands Corp. (LVS)

Las Vegas Sands Corp. (LVS) : Northern Cross scooped up 2,131,779 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 Aug 3, 2016. The investment management firm now holds a total of 39,053,967 shares of Las Vegas Sands Corp. which is valued at $1,951,526,731.Las Vegas Sands Corp. makes up approximately 26.66% of Northern Cross’s portfolio.

Other Hedge Funds, Including , Amg National Trust Bank boosted its stake in LVS in the latest quarter, The investment management firm added 798 additional shares and now holds a total of 54,136 shares of Las Vegas Sands Corp. which is valued at $2,705,176. Las Vegas Sands Corp. makes up approx 0.24% of Amg National Trust Bank’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in LVS in the latest quarter, The investment management firm added 6,137 additional shares and now holds a total of 25,192 shares of Las Vegas Sands Corp. which is valued at $1,258,844. Las Vegas Sands Corp. makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Artemis Investment Management Llp reduced its stake in LVS by selling 492,152 shares or 48.93% in the most recent quarter. The Hedge Fund company now holds 513,705 shares of LVS which is valued at $25,782,854. Las Vegas Sands Corp. makes up approx 0.67% of Artemis Investment Management Llp’s portfolio.Capital Management Corp Va boosted its stake in LVS in the latest quarter, The investment management firm added 3,909 additional shares and now holds a total of 154,322 shares of Las Vegas Sands Corp. which is valued at $7,302,517. Las Vegas Sands Corp. makes up approx 2.69% of Capital Management Corp Va’s portfolio.Davenport Co boosted its stake in LVS in the latest quarter, The investment management firm added 24,414 additional shares and now holds a total of 805,226 shares of Las Vegas Sands Corp. which is valued at $36,903,508. Las Vegas Sands Corp. makes up approx 0.55% of Davenport Co’s portfolio.

Las Vegas Sands Corp. opened for trading at $50.23 and hit $50.985 on the upside on Monday, eventually ending the session at $50.96, with a gain of 2.19% or 1.09 points. The heightened volatility saw the trading volume jump to 46,81,906 shares. Company has a market cap of $40,499 M.

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.

Investors should note that on Jul 25, 2016, Las Vegas Sands Corp. announced a cash dividend of $0.7200. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Las Vegas Sands Corp.. Company shares were Reiterated by Telsey Advisory Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Shares were Reiterated by UBS on Jul 8, 2016 to “Neutral” and Lowered the Price Target to $ 44 from a previous price target of $52 .

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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