As Las Vegas Sands Corp (LVS) Stock Value Rose, First Foundation Advisors Lowered Stake

May 17, 2018 - By Robert Sims

Las Vegas Sands Corp. (NYSE:LVS) LogoInvestors sentiment decreased to 1.1 in 2017 Q4. Its down 0.26, from 1.36 in 2017Q3. It dropped, as 38 investors sold LVS shares while 172 reduced holdings. 78 funds opened positions while 154 raised stakes. 287.76 million shares or 1.26% more from 284.19 million shares in 2017Q3 were reported. Ledyard Commercial Bank has 16 shares for 0% of their portfolio. Wells Fargo Company Mn reported 4.05 million shares or 0.08% of all its holdings. Davidson holds 161,683 shares. Cubist Systematic Strategies Llc accumulated 15,312 shares. Shine Investment Advisory Inc invested 0.03% in Las Vegas Sands Corp. (NYSE:LVS). Public Employees Retirement Sys Of Ohio reported 0.13% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Burney accumulated 0.07% or 18,478 shares. Nikko Asset Mngmt Americas Inc accumulated 4,600 shares. Shell Asset Management accumulated 0.04% or 26,020 shares. Suntrust Banks holds 40,762 shares. Perkins Coie has 0% invested in Las Vegas Sands Corp. (NYSE:LVS). First Advisors Lp invested in 0.01% or 69,934 shares. Sterling Cap Mngmt Llc has 0.01% invested in Las Vegas Sands Corp. (NYSE:LVS). Vantage Investment Ltd Com has invested 0.17% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Legal General Pcl owns 1.60M shares.

Since March 13, 2018, it had 0 insider purchases, and 1 insider sale for $2.98 million activity.

First Foundation Advisors decreased its stake in Las Vegas Sands Corp (LVS) by 46.05% based on its latest 2017Q4 regulatory filing with the SEC. First Foundation Advisors sold 60,009 shares as the company’s stock rose 2.75% while stock markets declined. The hedge fund held 70,297 shares of the hotels and resorts company at the end of 2017Q4, valued at $4.89 million, down from 130,306 at the end of the previous reported quarter. First Foundation Advisors who had been investing in Las Vegas Sands Corp for a number of months, seems to be less bullish one the $61.72B market cap company. The stock decreased 0.20% or $0.16 during the last trading session, reaching $78.2. About 1.94 million shares traded. Las Vegas Sands Corp. (NYSE:LVS) has risen 26.54% since May 17, 2017 and is uptrending. It has outperformed by 14.99% the S&P500.

First Foundation Advisors, which manages about $3.20B and $1.85 billion US Long portfolio, upped its stake in Centurylink Inc (NYSE:CTL) by 913,000 shares to 1.12M shares, valued at $18.65M in 2017Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Unit Trust (SPY) by 82,969 shares in the quarter, for a total of 102,383 shares, and has risen its stake in Schlumberger Ltd (NYSE:SLB).

Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on July, 25. They expect $0.79 earnings per share, up 8.22 % or $0.06 from last year’s $0.73 per share. LVS’s profit will be $623.46M for 24.75 P/E if the $0.79 EPS becomes a reality. After $1.04 actual earnings per share reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts -24.04 % negative EPS growth.

More news for Las Vegas Sands Corp. (NYSE:LVS) were recently published by: Benzinga.com, which released: “Las Vegas Sands Is An Ideal Play On Macau Mass Market, Says Morgan Stanley” on April 19, 2018. Seekingalpha.com‘s article titled: “Las Vegas Sands Captures Overseas Opportunities” and published on May 08, 2018 is yet another important article.

Las Vegas Sands Corp. (NYSE:LVS) Ratings Coverage

Among 9 analysts covering Las Vegas Sands (NYSE:LVS), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Las Vegas Sands had 16 analyst reports since January 19, 2018 according to SRatingsIntel. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Buy” rating by Bank of America on Wednesday, January 24. The company was maintained on Thursday, January 25 by JP Morgan. The firm earned “Buy” rating on Thursday, January 25 by Roth Capital. Jefferies maintained Las Vegas Sands Corp. (NYSE:LVS) rating on Thursday, January 25. Jefferies has “Hold” rating and $79.0 target. The company was maintained on Friday, January 19 by Susquehanna. The company was maintained on Thursday, February 8 by Susquehanna. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Overweight” rating by Morgan Stanley on Thursday, March 15. Morgan Stanley maintained Las Vegas Sands Corp. (NYSE:LVS) on Tuesday, March 27 with “Overweight” rating. As per Thursday, April 26, the company rating was maintained by Jefferies. The firm has “Buy” rating by Susquehanna given on Monday, April 23.

Las Vegas Sands Corp. (NYSE:LVS) Institutional Positions Chart

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