Healthcare of Ontario Pension Plan Trust Fund Has $5.53 Million Position in Las Vegas Sands Corp. $LVS

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 753.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,696 shares of the casino operator’s stock after purchasing an additional 90,669 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Las Vegas Sands were worth $5,533,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LVS. International Assets Investment Management LLC acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at $26,000. DV Equities LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Las Vegas Sands in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

NYSE LVS opened at $48.60 on Thursday. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. The stock’s 50-day moving average is $48.13 and its two-hundred day moving average is $52.84. The firm has a market cap of $31.48 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.26 and a beta of 0.83. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.91.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. On average, analysts anticipate that Las Vegas Sands Corp. will post 3.13 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, August 4th. Las Vegas Sands’s payout ratio is 46.69%.

Analyst Ratings Changes

A number of brokerages have commented on LVS. Seaport Research Partners lowered their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Barclays cut their price target on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Morgan Stanley reduced their price target on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday. Jefferies Financial Group boosted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Finally, HSBC increased their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.