4 Price Momentum Stocks Hedge Funds Love Could Be Big Summer Winners

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SeaWorld Entertainment

While this company changed the way it does shows due to a degree of public outcry a few years back, the parks remain a prime summer attraction. SeaWorld Entertainment Inc. (NASDAQ: SEAS) is a leading theme park company that delivers family-oriented entertainment through a diversified array of offerings and a focus on animal interaction and education.

The company owns and operates 11 theme parks in the United States, which attract more than 20 million visitors annually. Key brands include SeaWorld (with parks in Florida, California and Texas), Busch Gardens (Florida and Virginia) and Sesame Place (Pennsylvania). Flanker brands include Discovery Cove (Florida), Aquatica (Florida, California and Texas), Adventure Island (Florida) and Water Country USA (Virginia).

The $32.82 consensus price objective compares with the most recent closing share price of $29.31.

Sinclair Broadcast

This company was turned away last year in its efforts to buy Tribune Media, but it has been hot lately. Sinclair Broadcast Group (NASDAQ: SBGI) is a television broadcasting company. It focuses on providing content on its local television stations and digital platforms.

Sinclair’s Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform includes programming provided by third-party networks and syndicators, local news, its own networks and other original programming produced by it.

Sinclair also owns digital and Internet media products that are complementary to its portfolio of television station related digital properties. It focuses on offering marketing solutions to advertisers. Its other business consists of original networks and content, digital and Internet solutions, technical services and other non-media investments.

Shareholders receive a 1.58% dividend. The consensus price target is a massive $70.75. Shares closed Tuesday at $51.03.

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Top hedge funds now are bullish on these four red-hot price momentum stocks. Note that the market has had a big run in June, so it may make sense to buy smaller positions and see if we don’t pull back some.