Is Las Vegas Sands Corp. (NYSE:LVS) Going to Burn These Hedge Funds?

Is Las Vegas Sands Corp. (NYSE:LVS) going to take off soon? The smart money is in a bearish mood. The number of bullish hedge fund positions went down by 2 lately.

In the financial world, there are plenty of methods shareholders can use to monitor publicly traded companies. A pair of the most under-the-radar are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite fund managers can trounce the S&P 500 by a significant amount (see just how much).

Las Vegas Sands Corp. (NYSE:LVS)

Just as beneficial, optimistic insider trading sentiment is a second way to break down the financial markets. Just as you’d expect, there are a number of stimuli for an executive to cut shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various empirical studies have demonstrated the useful potential of this tactic if shareholders know where to look (learn more here).

With these “truths” under our belt, let’s take a gander at the latest action surrounding Las Vegas Sands Corp. (NYSE:LVS).

What does the smart money think about Las Vegas Sands Corp. (NYSE:LVS)?

Heading into 2013, a total of 37 of the hedge funds we track were bullish in this stock, a change of -5% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings significantly.

According to our comprehensive database, Viking Global, managed by Andreas Halvorsen, holds the largest position in Las Vegas Sands Corp. (NYSE:LVS). Viking Global has a $273 million billion position in the stock, comprising 1.9% of its 13F portfolio. On Viking Global’s heels is Donald Chiboucis of Columbus Circle Investors, with a $109 million position; the fund has 0.9% of its 13F portfolio invested in the stock. Other peers that hold long positions include Lee Ainslie’s Maverick Capital, Kerr Neilson’s Platinum Asset Management and Ken Griffin’s Citadel Investment Group.

Judging by the fact that Las Vegas Sands Corp. (NYSE:LVS) has faced falling interest from the smart money, it’s safe to say that there were a few hedge funds that decided to sell off their full holdings heading into 2013. Interestingly, Paul ReederáandáEdward Shapiro’s PAR Capital Management sold off the biggest position of all the hedgies we monitor, valued at about $42 million in stock., and David Keidan of Buckingham Capital Management was right behind this move, as the fund dropped about $23 million worth. These bearish behaviors are interesting, as total hedge fund interest fell by 2 funds heading into 2013.

How have insiders been trading Las Vegas Sands Corp. (NYSE:LVS)?

Insider trading activity, especially when it’s bullish, is at its handiest when the primary stock in question has seen transactions within the past 180 days. Over the latest half-year time frame, Las Vegas Sands Corp. (NYSE:LVS) has seen zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).

With the returns exhibited by our studies, everyday investors should always keep an eye on hedge fund and insider trading activity, and Las Vegas Sands Corp. (NYSE:LVS) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!