5,604 Shares in Las Vegas Sands Corp. (NYSE:LVS) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,604 shares of the casino operator’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CVA Family Office LLC lifted its holdings in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands in the third quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares during the period. Finally, Vestor Capital LLC acquired a new stake in shares of Las Vegas Sands during the third quarter worth $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

LVS opened at $55.00 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The business has a 50 day moving average of $50.77 and a 200-day moving average of $45.01. The stock has a market cap of $39.88 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.40 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.45%. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Analyst Ratings Changes

LVS has been the subject of a number of research reports. Morgan Stanley increased their target price on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Mizuho lifted their target price on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.