Stock traders buy high volume call options on Las Vegas Sands (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS – Get Rating) saw some unusual options trading on Friday. Investors bought 52,776 call options on the company. This represents an increase of approximately 47% from the average daily volume of 35,823 call options.

Wall Street analysts predict growth

A number of research companies have published reports on LVS. StockNews.com began covering Las Vegas Sands in a report on Wednesday, October 12. They issued a “sell” rating for the company. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a Monday, September 26 report. Citigroup raised its price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock a “buy” rating in a Thursday, October 20 report. Deutsche Bank Aktiengesellschaft lowered its price target on Las Vegas Sands from $53.00 to $50.00 in a Tuesday, July 19 report. Finally, JPMorgan Chase & Co. raised its price target on Las Vegas Sands from $42.00 to $44.00 in a Thursday, July 21 report. One analyst gave the stock a sell rating, three gave the stock a hold rating, eight gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and a consensus target price of $47.50.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands traded at $2.07 during Friday’s trading, hitting $39.92. 257,395 shares of the company have been traded, compared to its average volume of 8,850,585. The company has a leverage ratio of 3.64, a current ratio of 1.83 and a quick ratio of 1.82. Las Vegas Sands has a 1-year low of $28.88 and a 1-year high of $48.27. The stock has a market capitalization of $30.51 billion, a P/E ratio of 16.43 and a beta of 1.12. The company has a 50-day simple moving average of $37.73 and a 200-day simple moving average of $36.13.

Las Vegas Sands (NYSE:LVS – Get Rating) last released quarterly earnings data on Wednesday, October 19. The casino operator reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). Las Vegas Sands had a net margin of 46.94% and a negative return on equity of 25.33%. The company posted revenue of $1.01 billion for the quarter, versus $1.01 billion for analysts. During the same period last year, the company made earnings per share ($0.45). The company’s quarterly revenue increased 17.3% year over year. As a group, analysts expect Las Vegas Sands to post -1.19 EPS for the current year.

Institutional investors weigh in on Las Vegas Sands

Institutional investors have recently changed their stake in the company. Trustcore Financial Services LLC increased its stake in Las Vegas Sands by 242.7% in the third quarter. Trustcore Financial Services LLC now owns 706 shares of the casino operator valued at $27,000 after acquiring an additional 500 shares during the period. Mizuho Securities Co.Ltd. bought a new position in Las Vegas Sands in the third quarter worth about $30,000. Hudock Inc. increased its stake in Las Vegas Sands by 89.9% in the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator valued at $41,000 after acquiring an additional 500 shares during the period. Retirement Group LLC increased its holdings in Las Vegas Sands by 100.0% in the second quarter. Retirement Group LLC now owns 1,310 shares of the casino operator valued at $44,000 after acquiring an additional 655 shares during the period. Finally, Ronald Blue Trust Inc. bought a new position in Las Vegas Sands in the second quarter worth about $53,000. 39.84% of the shares are held by hedge funds and other institutional investors.

Las Vegas Sands Company Profile

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

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