Market Overview

Cooperman Skunked By SeaWorld? Bought 1 Million Shares Q2

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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: CNBC Leon CoopermanNews Legal Media

 

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