Vista Investment Management Makes New $1.85 Million Investment in Las Vegas Sands Corp. $LVS

Key Points

• Vista Investment Management acquired a new $1.85 million stake in Las Vegas Sands during the second quarter, purchasing 40,136 shares. Institutional investors and hedge funds collectively own 39.16% of the company.
• Analysts remain mixed: several firms lowered their price targets, while ratings included 10 Buys, eight Holds, and one Sell. The consensus rating is “Hold,” with an average target price of $61.88 versus the stock’s $47.04 opening price.
• Las Vegas Sands missed quarterly expectations, reporting $0.59 in EPS and $3.15 billion in revenue versus estimates of $0.76 and $3.31 billion, respectively. The company continued paying a quarterly dividend of $0.30, equivalent to a 2.6% annualized yield.

Vista Investment Management bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,136 shares of the casino operator's stock, valued at approximately $1,854,000.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Las Vegas Sands in the fourth quarter valued at approximately $26,000. DV Equities LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Las Vegas Sands during the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB raised its position in shares of Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Activest Wealth Management raised its position in shares of Las Vegas Sands by 1,208.0% during the 4th quarter. Activest Wealth Management now owns 654 shares of the casino operator's stock valued at $43,000 after acquiring an additional 604 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Zacks Research lowered Las Vegas Sands from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 23rd. The Goldman Sachs Group dropped their price objective on Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Susquehanna cut their target price on Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $64.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Finally, Mizuho decreased their target price on Las Vegas Sands from $67.00 to $61.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of "Hold" and a consensus target price of $61.88.

Las Vegas Sands Price Performance

NYSE LVS opened at $47.04 on Friday. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.16 and a beta of 0.85. The business has a 50 day simple moving average of $46.69 and a 200 day simple moving average of $51.40. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly 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 company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm posted $0.66 EPS. The business's quarterly revenue was down .7% compared to the same quarter last year. Analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands's 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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