Mystic Asset Management Inc. Takes Position in Las Vegas Sands Corp. $LVS

Mystic Asset Management Inc. acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,354 shares of the casino operator’s stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LVS. International Assets Investment Management LLC acquired a new stake in Las Vegas Sands in the fourth quarter valued at $26,000. DV Equities LLC bought a new position in shares of Las Vegas Sands in the 4th quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Las Vegas Sands during the 4th quarter worth about $29,000. Wilmington Savings Fund Society FSB increased its stake 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 worth $36,000 after purchasing an additional 400 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Performance

LVS opened at $46.00 on Friday. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The business has a fifty day simple moving average of $46.77 and a 200 day simple moving average of $51.43. Las Vegas Sands Corp. has a 1 year low of $44.21 and a 1 year high of $70.45. The company has a market capitalization of $29.79 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. Research analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio is 46.69%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LVS shares. HSBC raised their target price 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. Susquehanna lowered their price target on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley dropped their price objective on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Zacks Research cut Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Finally, Barclays reduced their target price on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. 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, the company has an average rating of “Hold” and an average target price of $61.88.

About Las Vegas Sands

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.