First Foundation Advisors Decreased Stake in Las Vegas Sands Corp (LVS) as Share Value Rose

May 17, 2018 - By Larry Park

Las Vegas Sands Corp. (NYSE:LVS) LogoInvestors sentiment decreased to 1.1 in Q4 2017. Its down 0.26, from 1.36 in 2017Q3. It dived, 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. Aviance Capital Mngmt Ltd Liability Co reported 174,216 shares. Bessemer Group holds 0% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 2,067 shares. Financial Bank Of America De has invested 0.04% in Las Vegas Sands Corp. (NYSE:LVS). State Street reported 7.38 million shares stake. Strs Ohio reported 0.12% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Benjamin F Edwards And Comm reported 2,045 shares. First Allied Advisory Svcs invested in 0.04% or 12,714 shares. Invsts has invested 0.6% in Las Vegas Sands Corp. (NYSE:LVS). Birinyi Associate stated it has 0.09% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Moreover, Wolverine Asset Management Limited Liability Company has 0% invested in Las Vegas Sands Corp. (NYSE:LVS) for 129 shares. Asset Management One Co Limited accumulated 735,422 shares or 0.11% of the stock. Moreover, Riverpoint Capital Mngmt Limited Com has 0.96% invested in Las Vegas Sands Corp. (NYSE:LVS) for 228,838 shares. 1,284 were reported by Arrowgrass Capital Prtnrs (Us) Lp. Utd Cap Fincl Advisers Ltd Liability Com holds 0.11% or 204,602 shares. Gator Capital Ltd Com owns 6,000 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 $4.89M, 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 1.94M 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 $3.20 billion and $1.85B US Long portfolio, upped its stake in Point Bridge Gop Stock Tracker by 190,000 shares to 913,865 shares, valued at $25.51 million in 2017Q4, according to the filing. It also increased its holding in Centurylink Inc (NYSE:CTL) by 913,000 shares in the quarter, for a total of 1.12 million shares, and has risen its stake in Berkshire Hathaway Inc Cl B (BRKB).

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 $623.46 million 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: Seekingalpha.com, which released: “Las Vegas Sands Captures Overseas Opportunities” on May 08, 2018. Benzinga.com‘s article titled: “Las Vegas Sands Is An Ideal Play On Macau Mass Market, Says Morgan Stanley” and published on April 19, 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 firm has “Neutral” rating given on Thursday, April 26 by JP Morgan. Susquehanna maintained Las Vegas Sands Corp. (NYSE:LVS) on Friday, January 19 with “Buy” rating. The firm earned “Buy” rating on Wednesday, January 24 by Bank of America. The stock has “Hold” rating by Jefferies on Thursday, April 26. Jefferies maintained the shares of LVS in report on Thursday, January 25 with “Hold” rating. Roth Capital maintained Las Vegas Sands Corp. (NYSE:LVS) rating on Thursday, January 25. Roth Capital has “Buy” rating and $85.0 target. The firm has “Overweight” rating by Morgan Stanley given on Thursday, April 19. On Monday, April 23 the stock rating was maintained by Susquehanna with “Buy”. Stifel Nicolaus maintained the shares of LVS in report on Thursday, January 25 with “Buy” rating. As per Thursday, January 25, the company rating was maintained by JP Morgan.

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

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