Las Vegas Sands (LVS) Up Again On Macau Optimism; Good Time To Buy?

What have hedge funds been doing with Las Vegas Sands Corp. (NYSE:LVS)?

With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were increasing their holdings substantially.

According to hedge fund intelligence website Insider Monkey, Jericho Capital Asset Management, managed by Josh Resnick, holds the number one position in Las Vegas Sands Corp. (NYSE:LVS). Jericho Capital Asset Management has a $61.8 million position in the stock, comprising 4.1% of its 13F portfolio. The second-largest stake is held by Joel Greenblatt of Gotham Asset Management, with a $57 million position; 0.4% of its 13F portfolio is allocated to the stock. Remaining hedgies that hold long positions include Murray Stahl’s Horizon Asset Management, and Matthew Hulsizer’s PEAK6 Capital Management.

With Las Vegas Sands (LVS) potential turnaround on the tables in Macau (and just in time for the opening of its $2.7 billion Parisian next year), I rate this stock as a definite buy. The strengths of this stock outweigh any weaknesses that are present within the company. This should allow for a greater opportunity for investors to gain a positive return. The strengths of LAS Vegas Sands (LVS) include expanding margins of its return on equity, and enhanced profits.

Disclosure: None