Is SeaWorld Entertainment Inc (SEAS) A Good Stock To Buy?

Seeing as SeaWorld Entertainment Inc (NYSE:SEAS) has faced bearish sentiment from hedge fund managers, we can see that there were a few funds that slashed their entire stakes last quarter. At the top of the heap, Charles Clough’s Clough Capital Partners cut the biggest investment of the “upper crust” of funds followed by Insider Monkey, totaling close to $24.5 million in stock. Jonathon Jacobson’s fund, Highfields Capital Management, also dumped its stock, about $16.5 million worth of shares. These transactions are important to note, as aggregate hedge fund interest was cut by 3 funds last quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as SeaWorld Entertainment Inc (NYSE:SEAS) but similarly valued. These stocks are MSG Networks Inc (NYSE:MSGN), TESARO Inc (NASDAQ:TSRO), Globalstar, Inc. (NYSEMKT:GSAT), and Yamana Gold Inc. (USA) (NYSE:AUY). All of these stocks’ market caps resemble SEAS’s market cap.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $195 million. MSG Networks Inc (NYSE:MSGN) is the most popular stock in this table. On the other hand Globalstar, Inc. (NYSEMKT:GSAT) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks SeaWorld Entertainment Inc (NYSE:SEAS) is more popular among hedge funds and has attracted investments worth $303 million. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.