SeaWorld Entertainment Inc (SEAS): Omega Advisors Sold Out Its Stake According to Sources

SeaWorld Entertainment Inc (NYSE:SEAS) is no longer in the equity portfolio of billionaire investor Leon Cooperman’s Omega Advisors, sources told CNBC’s Scott Wapner. Omega Advisors had a $30.8 million stake in SeaWorld Entertainment Inc (NYSE:SEAS), which contained around 1.09 million shares held as of the end of June, according to the latest 13F filing.

Leon Cooperman Omega Advisors

Although shares of SeaWorld Entertainment Inc (NYSE:SEAS) appear to be unperturbed by the Omega Advisors’ move, the stock is down 36% this year and 45% over the past one year. The challenges for the stock have mainly been in its financial performance, which the management recently admitted as being hammered by poor attendance at their theme parks.  As concerns the exit of Cooperman’s Omega Advisors from the troubled SeaWorld Entertainment Inc (NYSE:SEAS), Wapner warned investors to be careful about the information they read on 13F filings. He said his sources told him that Omega Advisors no longer has a position in SeaWorld.

“[...] Be careful what you read in the 13F. We just said Omega, Leon Cooperman’s hedge fund, had taken a position in SeaWorld. Well, I can tell you that according to my sources, Omega no longer owns SeaWorld. That they are completely out of that stock, according to my sources,” said Wapner.

However, he went on to say that people need to be careful what they read 13F filings. Wapner also pointed out that SeaWorld Entertainment Inc (NYSE:SEAS) has been a troubled stock, being all over the news this week thanks to its disappointing earnings.

“[...] There were at least four downgrades on Wall Street as a result of the earnings. It is that continued story about that Blackfish documentary, which seems to be having a lasting impact on attendance, which clearly has been hurting SeaWorld,” he observed.

Disclosure: none

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How 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

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!