Las Vegas Sands Corp. (NYSE:LVS) was the recipient of some unusual options trading activity on Monday. Traders acquired 12,488 put options on the stock. This is an increase of 427% compared to the average daily volume of 2,370 put options.

Las Vegas Sands Corp. (LVS) opened at 63.57 on Friday. The company’s 50-day moving average is $61.70 and its 200 day moving average is $60.09. The stock has a market capitalization of $50.35 billion, a PE ratio of 24.74 and a beta of 1.78. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. Las Vegas Sands Corp.’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. On average, equities research analysts expect that Las Vegas Sands Corp. will post $2.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.59%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

Large investors have recently added to or reduced their stakes in the business. Global X Management Co. LLC increased its stake in Las Vegas Sands Corp. by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 126 shares in the last quarter. TrimTabs Asset Management LLC boosted its holdings in shares of Las Vegas Sands Corp. by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after acquiring an additional 864 shares during the last quarter. Ffcm LLC boosted its holdings in shares of Las Vegas Sands Corp. by 90.9% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after acquiring an additional 1,160 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Las Vegas Sands Corp. by 24.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after acquiring an additional 510 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Las Vegas Sands Corp. by 143.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after acquiring an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 38.01% of the company’s stock.

Several equities research analysts have weighed in on the stock. Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price target for the company in a research note on Wednesday, May 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. UBS AG reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Telsey Advisory Group lifted their price target on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $70.00 price objective (up from $66.00) on shares of Las Vegas Sands Corp. in a report on Tuesday, July 18th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.74.

TRADEMARK VIOLATION WARNING: “Traders Purchase Large Volume of Las Vegas Sands Corp. Put Options (LVS)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/23/traders-purchase-large-volume-of-las-vegas-sands-corp-put-options-lvs.html.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Receive News & Stock Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related stocks with our FREE daily email newsletter.