Las Vegas Sands (LVS) Ownership Decreased by Northern Cross, LLC


Las Vegas Sands (NYSE:LVS).

Northern Cross, LLC reports that it sold 1,590,794 shares last quarter decreasing its exposure to Las Vegas Sands by 4.3%. Its investment stood at $2,280,756,000 a decrease of 3.9% as of the end of the quarter.

Several firms have shifted positions in (LVS). As of the end of the quarter Nicholas Investment Partners, Lp had bought 250,000 shares growing its position 12.5%. The value of the company’s investment in Las Vegas Sands increased from $127,780,000 to $144,360,000 increasing 13.0% since the last quarter. Northern Cross, LLC augmented its position by buying 57,849 shares an increase of 2.4% as of 09/30/2017. Northern Cross, LLC owns 35,547,938 shares valued at $2,280,756,000. The total value of its holdings increased 2.8%.

Investec Asset Management Ltd added to its investment by buying 1,637,248 shares an increase of 90.9% in the quarter. Investec Asset Management Ltd currently owns 3,437,448 shares with a value of $220,547,000. The value of the position overall is up by 91.8%. Geode Capital Management, LLC cut its holdings by selling 1,590,794 shares a decrease of 4.3%. Geode Capital Management, LLC now controls 2,505,868 shares worth $160,663,000. The total value of its holdings decreased 3.9%.

Nomura raised the price target on October 26 changing the forecast from $54.00 to $57.00 and stated a “Neutral” rating.

Equity analyst Gabelli raised the price target on October 26 changing the price objective from $60.00 to $68.00 and issued a “Buy” rating. Equity analyst Morgan Stanley raised the price target of the stock on October 26 boosting the projection from $63.00 to $65.00 with a rating of “Equal Weight”.

Deutsche Bank AG raised the price target on October 26 changing the price objective from $54.00 to $57.00 with a “Hold” recommendation. Equity analyst Roth Capital updated its forecast on LVS setting a rating of “Buy”.

The company is so far trading down from yesterday’s close of 66.68. The company’s P/E ratio is 25.06 and the market value is 52.53B. In the last earnings report the EPS was $2.65 with 790.48M shares currently outstanding.

Traders are a little more bullish on shares of the company recently if you watch the motion in short interest. The company experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -0.80%. Short interest decreased from 7,777,235 to 7,714,859 over that timeframe. With short interest at 7,714,859 and short average daily volume at 2,835,382, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.01% as of October 13.