Gallacher Capital Management LLC Invests $770,000 in Las Vegas Sands Corp. $LVS

Gallacher Capital Management LLC purchased a new position in Las Vegas Sands Corp. (NYSE:LVSFree Report) in the first quarter, Holdings Channel reports. The fund purchased 14,284 shares of the casino operator’s stock, valued at approximately $770,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Las Vegas Sands by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after buying an additional 2,418 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after acquiring an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after acquiring an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Las Vegas Sands during the 2nd quarter valued at approximately $414,000. Finally, Cerity Partners LLC raised its position in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after acquiring an additional 7,243 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Trading Up 1.9%

NYSE:LVS opened at $45.62 on Friday. The firm has a market capitalization 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. The business has a 50 day simple moving average of $48.95 and a 200 day simple moving average of $53.96. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. Las Vegas Sands Corp. has a 12-month low of $44.22 and a 12-month high of $70.45.

Las Vegas Sands (NYSE:LVSGet Free Report) last issued its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share 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 analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts predict that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis 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 44.44%.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of research reports. HSBC lifted their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. The Goldman Sachs Group dropped their target price on shares of Las Vegas Sands from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Barclays lowered their price objective on shares of Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.19.

Get Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVSFree Report).

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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