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

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 753.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,696 shares of the casino operator’s stock after acquiring 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 quarter.

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp grew its position in shares of Las Vegas Sands by 0.3% in the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after purchasing an additional 156 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Las Vegas Sands by 7.8% during the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after purchasing an additional 177 shares during the last quarter. &PARTNERS lifted its position in shares of Las Vegas Sands by 3.2% during the 4th quarter. &PARTNERS now owns 6,930 shares of the casino operator’s stock worth $453,000 after purchasing an additional 214 shares during the last quarter. United Capital Financial Advisors LLC boosted its stake in Las Vegas Sands by 5.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after purchasing an additional 258 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in Las Vegas Sands by 4.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock valued at $446,000 after purchasing an additional 279 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Trading Up 0.7%

Shares of LVS opened at $48.60 on Thursday. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The firm has a market capitalization of $31.48 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.26 and a beta of 0.83. The stock’s 50-day moving average price is $48.13 and its 200 day moving average price is $52.84.

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

Las Vegas Sands Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on LVS shares. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Stifel Nicolaus reduced their price objective on Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. UBS Group set a $52.00 price objective on shares of Las Vegas Sands in a research note on Thursday, July 2nd. JPMorgan Chase & Co. dropped their target price on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Citigroup cut their target price on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average 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.