14,284 Shares in Las Vegas Sands Corp. $LVS Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,284 shares of the casino operator’s stock, valued at approximately $770,000.

Several other hedge funds also recently added to or reduced their stakes in LVS. Mackenzie Financial Corp lifted its stake in shares of Las Vegas Sands by 0.3% during the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock worth $2,902,000 after purchasing an additional 156 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Las Vegas Sands by 7.8% in the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after buying an additional 177 shares in the last quarter. &PARTNERS raised its holdings 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 valued at $453,000 after buying an additional 214 shares during the period. United Capital Financial Advisors LLC raised its holdings in shares of 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 buying an additional 258 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of 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 buying an additional 279 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $45.62 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $44.22 and a fifty-two week high of $70.45. The business has a 50 day moving average price of $48.95 and a two-hundred day moving average price of $53.96. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The firm has a market cap of $30.23 billion, a PE ratio of 16.90, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The company 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%.Las Vegas Sands’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. Sell-side analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid 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 was Tuesday, May 5th. Las Vegas Sands’s payout ratio is 44.44%.

Analyst Ratings Changes

A number of equities analysts have weighed in on LVS shares. Barclays decreased their price target on Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. HSBC lifted their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. 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 note on Wednesday. Citigroup lowered their price target on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.19.

Las Vegas Sands 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.