Position Changed: Northern Cross LLC Has Boosted Stake in Las Vegas Sands Corp (LVS) by $81.44 Million

Position Changed: Northern Cross LLC Has Boosted Stake in Las Vegas Sands Corp (LVS) by $81.44 Million

Northern Cross Llc increased its stake in Las Vegas Sands Corp (LVS) by 3.66% based on its latest 2016Q3 regulatory filing with the SEC. Northern Cross Llc bought 1.43 million shares as the company’s stock rose 31.64% with the market. The institutional investor held 40.48M shares of the hotels and resorts company at the end of 2016Q3, valued at $2.34B, up from 39.05 million at the end of the previous reported quarter. Northern Cross Llc who had been investing in Las Vegas Sands Corp for a number of months, seems to be bullish on the $45.19 billion market cap company. The stock increased 1.62% or $0.9 during the last trading session, hitting $56.61. Las Vegas Sands Corp. (NYSE:LVS) has risen 19.48% since June 7, 2016 and is uptrending. It has outperformed by 12.06% the S&P500.

Northern Cross Llc, which manages about $51.96B and $6.07B US Long portfolio, decreased its stake in Wynn Resorts Ltd (NASDAQ:WYNN) by 2.42M shares to 11.37M shares, valued at $1.08 billion in 2016Q3, according to the filing. It also reduced its holding in Series C by 103,128 shares in the quarter, leaving it with 6.18M shares, and cut its stake in Barrick Gold Corp (NYSE:ABX).

Northern Cross Llc is a Massachusetts-based institutional investor with more than $51.96 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Northern Cross Llc is the 91th largest institutional investor in our database. Taken from Northern Cross latest Adv, the fund reported to have 9 full and part-time employees. Among which 6 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Insitutional Activity: The institutional sentiment increased to 1.13 in Q3 2016. Its up 0.03, from 1.1 in 2016Q2. The ratio improved, as 43 funds sold all LVS shares owned while 141 reduced positions. 69 funds bought stakes while 139 increased positions. They now own 312.41 million shares or 5.04% more from 297.43 million shares in 2016Q2. Hennessy Inc last reported 0.15% of its portfolio in the stock. Cambridge Investment Research holds 14,843 shares or 0.02% of its portfolio. First City Mngmt has 12,425 shares for 0% of their US portfolio. Los Angeles Cap Equity Research Inc has 254,336 shares for 0.09% of their US portfolio. Ngam Limited Partnership accumulated 0.01% or 11,632 shares. Ikos Cif Limited accumulated 396 shares or 0.13% of the stock. Perigon Wealth Management Lc accumulated 0% or 100 shares. Lpl Financial Ltd Liability Corporation, a California-based fund reported 65,808 shares. The Massachusetts-based Northern Cross Llc has invested 38.58% in Las Vegas Sands Corp. (NYSE:LVS). Thornburg Investment reported 3.01 million shares or 1.32% of all its holdings. Callahan Lc has 0.22% invested in the company for 15,500 shares. Price T Rowe Assocs Md, a Maryland-based fund reported 33.52 million shares. Tarbox Group has invested 0% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Blackrock Investment Mngmt Limited Liability Corporation accumulated 159,863 shares or 0.01% of the stock. Magnetar Financial Ltd Liability has invested 0.01% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS).

Insider Transactions: Since November 25, 2016, the stock had 0 buys, and 1 sale for $10.63 million net activity. Goldstein Robert G sold $10.63M worth of stock or 169,111 shares.

More notable recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Seekingalpha.com which released: “Las Vegas Sands: Don’t Sell” on January 09, 2017, also Fool.com with their article: “Better Buy: Las Vegas Sands Corp. vs. Wynn Resorts” published on January 05, 2017, Fool.com published: “Better Buy: Las Vegas Sands Corp. vs. MGM Resorts” on December 24, 2016. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) were released by: Seekingalpha.com and their article: “Trouble Brewing At Marina Bay Sands, Adding To Woes At Las Vegas Sands” published on January 06, 2017 as well as Seekingalpha.com‘s news article titled: “Las Vegas Sands – Time To Sell” with publication date: January 01, 2017.

According to Zacks Investment Research, “Las Vegas Sands Corp. is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People’s Republic of China’s Special Administrative Region of Macao.”

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

Out of 17 analysts covering Las Vegas Sands (NYSE:LVS), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. Las Vegas Sands has been the topic of 34 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, September 14 by Argus Research. The firm earned “Outperform” rating on Monday, September 19 by CLSA. On Thursday, April 21 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was maintained by Stifel Nicolaus on Friday, November 4 with “Buy”. The company was downgraded on Thursday, August 6 by Vetr. The rating was maintained by Barclays Capital on Wednesday, July 27 with “Equalweight”. The stock has “Market Perform” rating given by Telsey Advisory Group on Thursday, January 28. The firm earned “Positive” rating on Tuesday, January 26 by Susquehanna. The firm earned “Market Perform” rating on Friday, November 4 by Telsey Advisory Group. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, April 21 report.

LVS Company Profile

Las Vegas Sands Corp., incorporated on August 9, 2004, is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Firm owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s divisions are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry activities and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s divisions 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 services and amenities, including luxury accommodations, restaurants, lounges and private gaming salons. The Firm also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events.

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