10.4 C
New York
Saturday, April 20, 2024
HomeMarkets
Markets

Cooperman Skunked By SeaWorld? Bought 1 Million Shares Q2

By Insider Scoop
0
7
psw-placeholder
psw-placeholder

Courtesy of Benzinga.

Related SEAS
Yellen's Speech Not Enough To Keep Dow, S&P 500 In Positive Territory
UPDATE: FBR Capital Upgrades SeaWorld Entertainment
SeaWorld Drops Osha Appeal (Fox Business)

SeaWorld Entertainment (NYSE: SEAS) may have hosed market maven Leon Cooperman in the second quarter when he acquired 1.08 million shares for $3.8 million.

Shares in the theme park operator are down 37 percent in the past three months and closed Friday at $18.66, off $0.66.

CNBC's Scott Wapner reported last week that "sources" said Cooperman's Omega Advisors sold the SeaWorld stake just before the company's meltdown on a disappointing outlook and worries about how its brand is perceived.

Cooperman's other newly-established stakes during the second quarter included a 10 million share acquisition of Navient (NASDAQ: NAVI) and the purchase of 16.9 million shares of Gulf Coast Ultra Deep Royalty Trust – Royalty Trust Unit (NASDAQ: GULTU).

Apple (NASDAQ: AAPL) rejoined Cooperman's portfolio with a 1.2 million share purchase and he added heavily to his Ocwen Financial (NYSE: OCN) stake, bringing it to 2.6 million shares.

Posted-In: Leon CoopermanCNBC News Legal Media

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,347FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x