Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SeaWorld Jumps on Oscar Snub for ‘Blackfish’ Whale Picture

Jan. 16 (Bloomberg) -- SeaWorld Entertainment Inc. shares rose after “Blackfish,” a documentary critical of the theme-park operator’s treatment of killer whales, didn’t receive an Oscar nomination today.

Shares of the Orlando, Florida-based company, advancing for the sixth straight day, climbed 8.4 percent to $33.59 at the close in New York, the biggest gain since its first day of trading in April.

“Investors overwhelmingly expected ‘Blackfish’ to receive a nomination,” Timothy Conder, a Wells Fargo Securities analyst, said in a research note today. “Investors will now likely return to solely focusing on core fundamentals.”

Conder has an outperform rating on the shares.

SeaWorld, which sold shares to the public following a 2009 buyout by the Blackstone Group LP, said on Jan. 13 that it had record attendance at its SeaWorld-branded parks in Orlando, San Diego and San Antonio in the fourth quarter. The company also projected record revenue, of as much as $1.46 billion, for the full year.

“We have great issues with the film,” SeaWorld Chief Executive Officer Jim Atchison said in an interview yesterday on Bloomberg TV. “It’s an activist-driven agenda film. I have to say it hasn’t affected our performance.”

To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.