What’s Propelling Las Vegas Sands Corp. to Increase So Much?

 What's Propelling Las Vegas Sands Corp. to Increase So Much?

In today’s session Las Vegas Sands Corp. (LVS) registered an unusually high (1,036) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LVS increase. With 1,036 contracts traded and 474 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LVS161118C00059000 closed last at: $1.5 or 38.9% up. About 2.50 million shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 10.82% since March 30, 2016 and is uptrending. It has outperformed by 7.80% the S&P500.

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

Out of 15 analysts covering Las Vegas Sands (NYSE:LVS), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. $65 is the highest target while $42 is the lowest. The $49.95 average target is -15.53% below today’s ($59.13) stock price. Las Vegas Sands has been the topic of 30 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the shares of LVS in a report on Thursday, September 8 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, July 23 with “Buy”. Telsey Advisory Group maintained Las Vegas Sands Corp. (NYSE:LVS) rating on Thursday, January 28. Telsey Advisory Group has “Market Perform” rating and $44 price target. CLSA maintained the shares of LVS in a report on Friday, April 29 with “Outperform” rating. The company was downgraded on Thursday, September 17 by Vetr. The stock of Las Vegas Sands Corp. (NYSE:LVS) has “Neutral” rating given on Thursday, August 11 by Buckingham Research. The firm earned “Sell” rating on Wednesday, August 12 by Vetr. As per Tuesday, January 26, the company rating was maintained by Susquehanna. The stock of Las Vegas Sands Corp. (NYSE:LVS) has “Hold” rating given on Thursday, August 20 by Vetr. Argus Research upgraded the stock to “Buy” rating in Wednesday, September 14 report.

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 Q2 2016. Its down 0.25, from 1.35 in 2016Q1. The ratio is negative, 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.
Sumitomo Life Insurance has 0.2% invested in the company for 34,387 shares. Credit Suisse Ag has invested 0.03% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Clark Cap Management Gru has 0.93% invested in the company for 330,278 shares. Prudential Public Limited Company reported 8.14 million shares or 1.39% of all its holdings. First City Cap Mgmt has 0.4% invested in the company for 12,125 shares. Moreover, Delta Asset Lc Tn has 0% invested in Las Vegas Sands Corp. (NYSE:LVS) for 300 shares. Aperio Llc holds 0.03% or 85,355 shares in its portfolio. Kayne Anderson Rudnick Investment Ltd last reported 0.42% of its portfolio in the stock. Apriem Advsr has invested 0.01% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Deutsche Commercial Bank Ag holds 0.08% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 2.60 million shares. Utd Finance Advisers Ltd Company owns 233,510 shares or 0.1% of their US portfolio. Capital Ltd Ca has 59,500 shares for 0.19% of their US portfolio. Amp Cap Invsts Limited holds 273,787 shares or 0.08% of its portfolio. First In holds 0.01% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 424 shares. California Employees Retirement Systems owns 989,200 shares or 0.07% of their US portfolio.

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 $47.10 billion. The Firm owns and operates integrated resorts in Asia and the United States. It has a 28.81 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: Foxbusiness.com which released: “What to Look For When Las Vegas Sands Corp. Reports Earnings” on October 30, 2016, also Reviewjournal.com published article titled: “Report prompts scrutiny of Las Vegas Sands Corp. by gaming regulators”, Fool.com published: “Better Buy: Las Vegas Sands Corp. vs. MGM Resorts International” on October 02, 2016. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) was released by: Nasdaq.com and their article: “One Put, One Call Option To Know About for Las Vegas Sands” with publication date: October 31, 2016.

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