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

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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

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!