Las Vegas Sands Corp.’s Stock Is Buy After Today’s Bullish Options Activity

 Las Vegas Sands Corp.'s Stock Is Buy After Today's Bullish Options Activity

In today’s session Las Vegas Sands Corp. (LVS) registered an unusually high (3,456) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious LVS increase. With 3,456 contracts traded and 36544 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: LVS161021C00061000 closed last at: $0.47 or 28.8% down. About 2.72M shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 10.30% since March 14, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.

Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on October, 19. They expect $0.59 EPS, down 10.61% or $0.07 from last year’s $0.66 per share. LVS’s profit will be $466.03 million for 24.38 P/E if the $0.59 EPS becomes a reality. After $0.52 actual EPS reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts 13.46% EPS growth.

Las Vegas Sands Corp. (NYSE:LVS) Ratings Coverage

Out of 14 analysts covering Las Vegas Sands (NYSE:LVS), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. Las Vegas Sands has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with “Buy” rating and $61 target price in Thursday, September 8 report. As per Tuesday, October 27, the company rating was initiated by Gabelli. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Hold” rating by Vetr on Thursday, August 6. On Thursday, April 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. Bank of America upgraded the stock to “Buy” rating in Tuesday, October 4 report. The firm earned “Equal-Weight” rating on Thursday, April 21 by Barclays Capital. The stock has “Hold” rating given by Vetr on Thursday, August 20. The firm has “Buy” rating given on Wednesday, April 13 by Citigroup. CLSA maintained Las Vegas Sands Corp. (NYSE:LVS) on Friday, April 29 with “Outperform” rating. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Neutral” rating by Goldman Sachs on Tuesday, August 18.

According to Zacks Investment Research, “Las Vegas Sands Corp. is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People’s Republic of China’s Special Administrative Region of Macao.”

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.25, from 1.35 in 2016Q1. The ratio worsened, as 72 funds sold all Las Vegas Sands Corp. shares owned while 119 reduced positions. 42 funds bought stakes while 168 increased positions. They now own 297.43 million shares or 2.96% less from 306.52 million shares in 2016Q1.
Henderson Group Inc Plc accumulated 0.14% or 379,034 shares. Tiaa Cref Investment Mngmt Llc owns 974,269 shares or 0.03% of their US portfolio. Twin Mgmt holds 0.11% or 33,192 shares in its portfolio. Peak6 L P has invested 0.04% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Glg Lc has 0.07% invested in the company for 20,983 shares. The New York-based Two Sigma Securities Limited Liability Corp has invested 0.21% in Las Vegas Sands Corp. (NYSE:LVS). Cullen Frost Bankers accumulated 0.56% or 348,400 shares. Serv Automobile Association has 333,031 shares for 0.05% of their US portfolio. Focused Wealth Management Inc has invested 0.01% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Arrowpoint Asset Limited Liability Corp has 122,214 shares for 0.11% of their US portfolio. Sumitomo Mitsui Trust Holdg holds 1.23M shares or 0.09% of its portfolio. Wade G W accumulated 0.05% or 6,888 shares. Goldman Sachs Group accumulated 0.02% or 1.32M shares. Next Fincl Grp last reported 0% of its portfolio in the stock. The United Kingdom-based Legal And General Group Public Lc has invested 0.08% in Las Vegas Sands Corp. (NYSE:LVS).

Las Vegas Sands Corp. is a developer of destination properties that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The company has a market cap of $45.45 billion. The Firm owns and operates integrated resorts in Asia and the United States. It has a 28.04 P/E ratio. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States.

LVS Company Profile

Las Vegas Sands Corp., incorporated on August 9, 2004, is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Firm owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s divisions are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry activities and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s divisions are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. The Paiza Club located at the Company’s properties is an invitation-only club, which offers services and amenities, including luxury accommodations, restaurants, lounges and private gaming salons. The Firm also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events.

More important recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Nasdaq.com which released: “One Put, One Call Option To Know About for Las Vegas Sands” on October 17, 2016, also Prnewswire.com published article titled: “Las Vegas Builds 35000 Hygiene Kits with Clean the World at The Venetian”, Profitconfidential.com published: “Las Vegas Sands Corp.: LVS Stock is Setting Sights on All-Time Highs” on September 19, 2016. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) was released by: Prnewswire.com and their article: “Las Vegas Sands and Sands Cares Increases Aid to Homeless in Las Vegas” with publication date: September 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment