3,784,278 Shares in Las Vegas Sands Corp. $LVS Purchased by Bamco Inc. NY

Key Points

• Bamco Inc. NY purchased 3,784,278 shares of Las Vegas Sands in the second quarter, valued at approximately $174.8 million and representing a 0.58% stake.
• Analyst sentiment is mixed: Las Vegas Sands has an average “Hold” rating and a consensus price target of $61.88, while several firms recently lowered their targets or ratings.
• The company missed quarterly earnings and revenue expectations, reporting $0.59 in EPS and $3.15 billion in revenue. Las Vegas Sands also maintained a quarterly dividend of $0.30 per share, equivalent to a 2.6% yield.

Bamco Inc. NY purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,784,278 shares of the casino operator's stock, valued at approximately $174,796,000. Bamco Inc. NY owned 0.58% of Las Vegas Sands at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $26,000. DV Equities LLC bought a new stake in Las Vegas Sands during the 4th quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Las Vegas Sands during the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB raised its holdings in Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock worth $36,000 after buying an additional 400 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock worth $36,000 after buying an additional 434 shares during the last quarter. Institutional investors own 39.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup cut their price target on shares of Las Vegas Sands from $78.50 to $73.00 and set a "buy" rating on the stock in a report on Friday, July 10th. Argus lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 30th. The Goldman Sachs Group lowered their price objective on Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. UBS Group set a $52.00 target price on Las Vegas Sands in a research note on Thursday, July 2nd. Finally, Wall Street Zen cut Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.88.

Las Vegas Sands Stock Performance

Shares of LVS opened at $46.24 on Thursday. The firm has a market capitalization of $29.95 billion, a P/E ratio of 17.99, a PEG ratio of 1.16 and a beta of 0.85. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. Las Vegas Sands Corp. has a one year low of $44.21 and a one year high of $70.45. The business has a fifty day moving average of $46.57 and a 200 day moving average of $51.15.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm's revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands's dividend payout ratio is currently 46.69%.

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.

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