Hillsdale Investment Management Inc. Makes New $1.02 Million Investment in Las Vegas Sands Corp. $LVS

Hillsdale Investment Management Inc. bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the first quarter, Holdings Channel reports. The firm bought 19,030 shares of the casino operator’s stock, valued at approximately $1,025,000.

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

Las Vegas Sands Price Performance

NYSE LVS opened at $45.62 on Friday. Las Vegas Sands Corp. has a 1 year low of $44.22 and a 1 year high of $70.45. The company has a fifty day simple moving average of $48.95 and a 200 day simple moving average of $53.96. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The company has a market cap of $30.23 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.01 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 44.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LVS shares. Barclays cut their price target on Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Mizuho increased their price objective on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Wells Fargo & Company cut their price objective on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Morgan Stanley lifted their target price on shares of Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group decreased their target price on shares of Las Vegas Sands from $73.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.19.

About Las Vegas Sands

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.