TLDR Barrow Hanley Mewhinney & Strauss increased its LVS position by 43.8%, adding 1.66 million shares worth ~$293 million Schroder Investment Management Group grew its stake by 4,504%, now holding over 1 million shares LVS beat Q4 earnings estimates — $0.85 EPS vs $0.77 expected — and revenue jumped 26% year-over-year to $3.65 billion CEO Robert Goldstein sold ~1.2 million shares in December at $66.68, totaling nearly $80 million LVS raised its quarterly dividend from $0.25 to $0.30, with most analysts rating the stock a “Moderate Buy” with a $68.55 average target
Las Vegas Sands (LVS) stock opened at $54.25 on Wednesday, up 0.6% on the day. The stock is trading well below its 52-week high of $70.45, and below both its 50-day moving average of $58.26 and its 200-day average of $58.99.
Las Vegas Sands Corp., LVS
Two institutional investors made big moves into the stock during Q3. Barrow Hanley Mewhinney & Strauss lifted its position by 43.8%, picking up an extra 1,660,823 shares. The firm now holds 5,454,013 shares valued at roughly $293 million, equal to about 0.81% of the company.
Schroder Investment Management Group went even bigger — percentage-wise. The firm grew its stake by 4,504.2%, adding 1,006,463 shares to reach a total of 1,028,808 shares worth $55.3 million. That’s a near-complete rebuild of their position.
Several smaller funds also added exposure in the quarter. Smartleaf Asset Management grew its holding by 549.5%. MAI Capital Management was up 78.4%. Westside Investment Management added 48.0%. Institutional and hedge fund ownership now stands at 39.16% of the stock.
On the earnings front, LVS delivered a clean beat in Q4. The company posted EPS of $0.85, clearing the $0.77 consensus by $0.08. Revenue came in at $3.65 billion, well ahead of the $3.33 billion