Skip to main content

Market Overview

Cooperman Skunked By SeaWorld? Bought 1 Million Shares Q2


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.


Related Articles (SEAS)

View Comments and Join the Discussion!

Posted-In: CNBC Leon CoopermanNews Legal Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at