Oldfield Partners LLP Invests $317,000 in Las Vegas Sands Corp. (NYSE:LVS)

Oldfield Partners LLP purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,296 shares of the casino operator’s stock, valued at approximately $317,000. Las Vegas Sands comprises 0.1% of Oldfield Partners LLP’s portfolio, making the stock its 29th biggest holding.

A number of other institutional investors have also recently bought and sold shares of LVS. GAMMA Investing LLC raised its stake in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares in the last quarter. CVA Family Office LLC lifted its stake in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares during the last quarter. Western Pacific Wealth Management LP lifted its stake in shares of Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Las Vegas Sands by 0.8% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock worth $2,350,000 after purchasing an additional 401 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $51.17 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The business has a fifty day simple moving average of $44.46 and a 200 day simple moving average of $44.36. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65. The firm has a market capitalization of $38.12 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.48 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share 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 for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.45 EPS for the current year.

Las Vegas Sands Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LVS shares. Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Company increased their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.42.

Las Vegas Sands Profile

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.