Economy

Las Vegas Sands Corp. (LVS) — Hot Trending Stock

JP Morgan downgraded Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Payden & Rygel increased Las Vegas Sands (LVS) stake by 2.67% reported in 2017Q2 SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. The stock's quarterly performance represents pessimistic momentum of -1.46 percent. Aqr Capital Management Ltd Co has invested 0.01% of its portfolio in Regional Management Corp (NYSE:RM). Finally, North Star Investment Management Corp. lifted its position in shares of Las Vegas Sands Corp.by 0.6% in the second quarter. Oppenheimer & Co. Inc. now owns 75,993 shares of the casino operator's stock worth $4,855,000 after purchasing an additional 3,664 shares during the last quarter. Finally, ARGA Investment Management LP increased its position in shares of Las Vegas Sands Corp.by 110.7% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator's stock valued at $153,000 after purchasing an additional 1,160 shares during the period. Grows Holdings in Las Vegas Sands Corp. United Services Automobile Association now owns 594,863 shares of the casino operator's stock worth $33,949,000 after purchasing an additional 128,315 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: "Martingale Asset Management L P Acquires Shares of 22,013 Las Vegas Sands Corp". Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator's stock valued at $171,000 after purchasing an additional 1,395 shares during the period.

Shares of Las Vegas Sands Corp. "(LVS)" was first reported by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law. The correct version of this piece can be accessed at https://www.truebluetribune.com/2017/09/22/ameriprise-financial-inc-has-191-30-million-position-in-las-vegas-sands-corp-lvs.html.

In guest suites at the Venetian and the Palazzo, Las Vegas Sands saved an estimated 8 million kilowatt hours annually, aided by installing 100% LED lighting in each room. LVS's average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of LVS's future price movements. Second Curve Capital Llc acquired 159,188 shares as Regional Mgmt Corp (RM)'s stock declined 2.65%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.98% and stays -0.14% away from its 50 days moving average. Its last month's stock price volatility remained 0.66% which for the week stands at 0.73%.

Las Vegas Sands Corp.is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. Las Vegas Sands Corp. (NYSE LVS) opened at 63.62 on Friday. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. At the Sands Expo and Convention Center, the company began installing a wireless lighting control system while upgrading its exhibit halls to LED lights, which has saved approximately 3.1 million kWh in electricity use per year. (LVS) is its Earnings per Share or EPS.

Among 18 analysts covering Las Vegas Sands (NYSE:LVS), 11 have Buy rating, 0 Sell and 7 Hold.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. The firm earned "Buy" rating on Wednesday, September 23 by Jefferies.

Ratings analysis reveals 61% of Las Vegas Sands's analysts are positive. It is negative, as 51 investors sold LVS shares while 165 reduced holdings. Analysts set a 12-month price target of $65.62 a share. Wells Fargo & Company reiterated a "neutral" rating on shares of Las Vegas Sands Corp.in a research note on Tuesday, July 4th. Among holders that decreased their positions, 58 sold out of the stock Las Vegas Sands Corp. Las Vegas Sands Corp. now has an average rating of "Hold" and a consensus target price of $63.26. Stifel Nicolaus restated a "buy" rating on shares of Las Vegas Sands Corp.in a research report on Sunday, September 3rd.

In the most updated research from a number of analysts on Wall Street, the company gets 9 Buys and 0 Sell among 16 analysts. The company now has a consensus rating of "Hold" and an average target price of $63.26.



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