40,136 Shares in Las Vegas Sands Corp. $LVS Purchased by Vista Investment Management

Vista Investment Management bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 40,136 shares of the casino operator’s stock, valued at approximately $1,854,000.

Several other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its position in Las Vegas Sands by 0.3% during the 3rd 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 raised its holdings 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 purchasing an additional 177 shares during the last quarter. &PARTNERS raised its holdings in shares of 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 during the last quarter. Pension & Wealth Management Advisors Inc. lifted its position in shares of Las Vegas Sands by 13.9% in the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock worth $93,000 after purchasing an additional 245 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its position in shares of 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 worth $266,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on LVS shares. Mizuho reduced their target price on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. HC Wainwright downgraded shares of Las Vegas Sands to a “neutral” rating in a research note on Thursday, July 30th. Finally, UBS Group set a $52.00 price objective on Las Vegas Sands in a report on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.88.

Las Vegas Sands Stock Up 2.3%

Las Vegas Sands stock opened at $47.04 on Friday. The firm has a market capitalization of $30.47 billion, a PE ratio of 18.30, a P/E/G ratio of 1.16 and a beta of 0.85. The company’s 50-day moving average is $46.69 and its 200-day moving average is $51.40. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. 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 (NYSE:LVS) 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 return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands’s dividend payout ratio is 46.69%.

Las Vegas Sands Company 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.