SeaWorld Falls to New Low as Cooperman’s Omega Sells Stake
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SeaWorld Entertainment Inc. slumped to a new low after reporting earnings that missed analysts’ estimates and saying controversy over the treatment of captive whales hurt attendance at its theme parks.
The shares, which fell 33 percent yesterday, declined further today as a person familiar with Leon Cooperman’s Omega Advisors Inc. said the hedge-fund firm sold its $30.8 million stake in SeaWorld. The person asked not to be identified because the information isn’t public.