Oldfield Partners LLP Acquires New Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Oldfield Partners LLP bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,296 shares of the casino operator’s stock, valued at approximately $317,000. Las Vegas Sands makes up approximately 0.1% of Oldfield Partners LLP’s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds have also modified their holdings of the company. Raymond James & Associates lifted its holdings in shares of Las Vegas Sands by 82.2% during the 3rd quarter. Raymond James & Associates now owns 499,852 shares of the casino operator’s stock valued at $25,163,000 after purchasing an additional 225,510 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in Las Vegas Sands by 3.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 50,111 shares of the casino operator’s stock worth $2,523,000 after purchasing an additional 1,705 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Las Vegas Sands by 20.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 5,880 shares of the casino operator’s stock valued at $296,000 after purchasing an additional 1,000 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in shares of Las Vegas Sands during the third quarter worth $211,000. Finally, Vontobel Holding Ltd. grew its holdings in shares of Las Vegas Sands by 67.6% during the third quarter. Vontobel Holding Ltd. now owns 38,981 shares of the casino operator’s stock valued at $1,962,000 after buying an additional 15,727 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LVS. Susquehanna raised their target price on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley decreased their target price on shares of Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Macquarie cut their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.42.

Las Vegas Sands Stock Down 0.7 %

NYSE LVS opened at $51.17 on Tuesday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The firm has a market cap of $38.12 billion, a PE ratio of 24.72, a P/E/G ratio of 1.48 and a beta of 1.12. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The business’s fifty day simple moving average is $44.46 and its 200-day simple moving average is $44.36.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is 38.65%.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.