Stock Markets

Adventure Begins July 7: SeaWorld Orlando Announces Grand Opening of Penguin Trek, the Most Anticipated Family Coaster of 2024

Published

4 months ago

June 26, 2024

Annual Pass Members Unlock Early Access to Penguin Trek starting July 2 “ Guests Who Purchase Today Will Be Amongst the First to Ride

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ORLANDO, Fla., June 25, 2024 /PRNewswire/ — SeaWorld (NYSE:) Orlando, celebrated as the Coaster Capital of Orlando, is excited to announce the grand opening of its highly anticipated new attraction, Penguin Trek, on July 7, 2024. A family launch coaster like no other, Penguin Trek is located within the all-new Antarctica Realm. This immersive area promises an adventure of a lifetime, combining thrilling rides, delectable dining and unforgettable wildlife encounters.

Penguin Trek redefines the family coaster experience with its innovative design and exhilarating adventure. An experience for the whole family, the ride accommodates everyone from the young adventurer at 42-inches to the tall thrill-seeker up to 77-inches. Guests will beat the summer heat while waiting in the air-conditioned queue lines. Riders will board unique snowmobile-styled ride cars, embarking on a thrilling expedition through the vast and icy wilderness of Antarctica. With two powerful launches and speeds reaching up to 43 mph, the 3,020-foot track winds through both indoor and outdoor environments, presenting a series of twists, turns, and breathtaking moments. But the true highlight awaits at the end of the journey: upon disembarking the ride, guests will find themselves immersed in the chilly confines of the extraordinary and unique penguin habitat. This finale not only thrills but also educates, underscoring SeaWorld’s commitment to animal care and conservation.

“We are incredibly excited to unveil our newest addition to SeaWorld Orlando’s outstanding coaster lineup,” said Jon Peterson, President of SeaWorld Orlando. “Penguin Trek offers a unique blend of thrills and education, allowing guests to immerse themselves in the wonders of Antarctica while highlighting our dedication to wildlife preservation and family-friendly fun. We’re looking forward to welcoming families and thrill seekers alike to experience the fun of this incredible coaster.”

Starting July 2, SeaWorld Orlando Pass Members will have exclusive access to Penguin Trek with special ride times. This benefit allows them to be among the first to experience the ride, adding another fantastic perk to their membership. Those who purchase a pass today will receive the same benefits, allowing them to take advantage of this early access.

The new Antarctica Realm, home to the new Penguin Trek, is a must-visit destination within SeaWorld Orlando, offering a cool and captivating experience for guests of all ages. Guests can cool off at South Pole Sips, the latest addition to SeaWorld Orlando’s vibrant bar scene, offering ice-cold draft beer, canned selections and tantalizing frozen cocktails. The beloved Expedition CafÃ© has also reopened within the Antarctica Realm, boasting a new diverse menu that caters to every palate, from healthy grab-and-go options to delectable dishes inspired by Italian and Asian cuisines. Plus, guests can cool off and enjoy up-close encounters with penguins in the expansive penguin habitat, making Antarctica a must-visit destination for guests of all ages.

SeaWorld Orlando’s commitment to providing diverse thrills for all family members is evident in Penguin Trek’s unique indoor/outdoor coaster experience. This latest addition to the coaster family promises to be another crowning jewel in a park already celebrated for its coaster excellence. Joining the ranks of award-winning rides such as Mako, voted the #1 Best Roller Coaster by the USA Today 10Best Readers’ Choice poll for five consecutive years, and Ice Breaker, which secured the #1 New Attraction spot in the same poll, Penguin Trek is poised to continue SeaWorld Orlando’s legacy of pushing the boundaries of coaster innovation for the whole family.

Be Among the First Family to Ride Penguin Trek with a SeaWorld Annual Pass

One of the best ways for guests to be among the first to ride Penguin Trek is with a SeaWorld Orlando Annual Pass. Right now, guests can take advantage of the Best Sale of the Year “ the 4th of July Sale, offering up to 55% off Tickets, Fun Cards and Annual Passes from June 17 through June 23. With an Annual Pass, guests will also enjoy unlimited visits and special benefits like exclusive access to Penguin Trek, FREE parking, FREE guest tickets, access to special VIP events, savings on merchandise and more! Some restrictions and block out dates apply. Another way to enjoy all that SeaWorld Orlando has to offer is with a 2024 Fun Card, which offers park admission through December 31, 2024, for the unbeatable low price of $139.99, less than the price of a single day ticket. Fun Card guests will also have admission to SeaWorld Orlando for a full calendar year to experience thrilling rides, amazing animal encounters and energizing entertainment while also getting the opportunity to be part of all the seasonal events happening in 2024. Annual Passes and Fun Cards can be purchased at SeaWorldOrlando.com.

Follow SeaWorld Orlando on Facebook (NASDAQ:), Twitter and Instagram for the latest news from SeaWorld.

About SeaWorld

SeaWorld is a leading marine life theme park and accredited zoo and aquarium that provides experiences that matter while educating and inspiring guests of all ages to care about marine life. Welcoming millions of guests every year, the parks offer fun and enriching experiences from up-close animal encounters and year-round educational programs to award-winning marine-life-themed rides and attractions, special events, and exciting entertainment. For more than 60 years SeaWorld has advanced the conservation of marine life in and outside its parks through science, education, and exceptional animal care that is Humane Certified by American Humane and accredited by the Alliance of Marine Mammal Parks and Aquariums and the Association of Zoos and Aquariums. SeaWorld is one of the largest marine animal rescue organizations in the world, helping more than 41,000 animals to date. The SeaWorld Conservation Fund, a non-profit foundation established in 2003, has provided more than $20 million to nearly 1,400 organizations to advance critical research on every continent. A portion of park proceeds goes toward supporting these longstanding conservation commitments. SeaWorld parks are in Orlando, San Antonio, San Diego, and Abu Dhabi, United Arab Emirates (UAE). SeaWorld is part of the United Parks & Resorts Inc. (NYSE:PRKS) portfolio of theme park brands. For more information, visit us at SeaWorld.com.

Media Contact:
SWO-PR@seaworld.com

Stock Markets

Billionaire hedge fund manager Loeb shifts portfolio, eyes possible Republican U.S. election wins

Published

2 hours ago

October 18, 2024

By Svea Herbst-Bayliss

NEW YORK (Reuters) – Billionaire investor Daniel Loeb adjusted his portfolio to capture a potential boom in corporate activity after the Nov. 5 U.S. election where he expects the Republican Party will chalk up wins.

Loeb believes the Republican presidential candidate, Donald Trump, is more likely to win the White House and that his party’s policies could help boost financial markets.

“The likelihood of a Republican victory in the White House has increased, which would have a positive impact on certain sectors and the market overall,” Loeb wrote to investors in his hedge fund Third Point on Thursday. Reuters obtained a copy of the letter.

Third Point has made stock and option purchases and increased positions that “could benefit from such a scenario” while also shifting the “portfolio away from companies that will not,” the letter said. He did not elaborate on what trades the firm has been making.

A Reuters/Ipsos poll this week found that Democratic Vice President Kamala Harris held a marginal lead of three percentage points over Trump as the two stayed locked in a tight race.

Even if Trump loses, Loeb expects the Republican Party will establish a majority in the U.S. Senate which he expects can limit the “economic downside of a “Blue Sweep” by the Democratic party.

Many large investors have expressed concern about the Democrats’ economic and fiscal proposals and Loeb wrote that the party’s plans could result in “crushing taxes,” and “stifling regulations” that could hurt growth.

Wall Street has long held out for a rebound in mergers and acquisitions activity and Loeb wrote that fewer regulations and the elimination of the current administration’s “activist antitrust stance” will “unleash productivity and a wave of corporate activity.”

Since January, Loeb’s flagship fund has returned roughly 14% with the broader stock market index gaining about 23.6%.

Turning to the broader economy, Loeb said that interest rates still need to come down, at a time there is no evidence of a looming recession and as inflation is slowing.

But he also thinks markets should remain underpinned by healthy consumer spending and active levels of individual investing.

Stock Markets

NYMTM stock hits 52-week high at $24.55 amid market rally

Published

2 hours ago

October 18, 2024

In a robust display of market confidence, New York Mortgage (NASDAQ:) Trust Inc Preferred (NYMTM) stock has soared to a 52-week high, reaching a price level of $24.55. This milestone underscores a significant period of growth for the company, which has witnessed an impressive 1-year change with an increase of 13.71%. Investors have shown increased interest in NYMTM, rallying behind the stock as it climbs to new heights, reflecting a strong performance in the face of market dynamics. The 52-week high serves as a testament to the company’s resilience and the positive sentiment surrounding its financial prospects.

InvestingPro Insights

New York Mortgage Trust Inc Preferred (NYMTM) has reached a significant milestone with its stock price hitting a 52-week high. This achievement is particularly noteworthy given the company’s current financial landscape. According to InvestingPro data, NYMTM boasts a substantial dividend yield of 8.07%, which aligns with one of the InvestingPro Tips highlighting that the company “pays a significant dividend to shareholders.” This attractive yield may be a key factor driving investor interest and contributing to the stock’s recent performance.

Despite the stock’s strong showing, it’s important to note that NYMTM faces some challenges. The company’s revenue for the last twelve months stands at $151.99 million, with a concerning operating income margin of -32.06%. This negative margin correlates with another InvestingPro Tip indicating that “analysts do not anticipate the company will be profitable this year.”

For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide valuable insights into NYMTM’s financial health and future prospects. These additional tips could be particularly useful for understanding the stock’s potential trajectory beyond its current 52-week high.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Stock Markets

Isabella Bank Corp director Jill Bourland acquires shares worth $199

Published

2 hours ago

October 18, 2024

In a recent transaction, Jill Bourland, a director at Isabella Bank Corp (OTC:ISBA), acquired additional shares of the company’s common stock. The transaction, dated October 16, 2024, involved the purchase of 9.5238 shares at a price of $21 per share, totaling approximately $199.

Following this acquisition, Bourland’s total direct ownership in Isabella Bank increased to 4,872.5363 shares. This figure includes shares acquired through the company’s quarterly dividend reinvestment program, as noted in the filing.

Isabella Bank Corp, headquartered in Mount Pleasant, Michigan, operates as a state commercial bank. The bank continues to focus on providing financial services to its local community and beyond.

In other recent news, Isabella Bank Corp revealed a potential loss of around $1.6 million due to negative balances in deposit accounts linked to a single customer. The total exposure to this customer, including loans and lines of credit, amounts to $4.0 million. Piper Sandler maintained a Neutral rating on the bank’s shares following this disclosure. The bank also declared a third-quarter cash dividend of $0.28 per common share. In addition, Piper Sandler raised its price target for Isabella Bank from $20.00 to $22.00 and increased its earnings per share estimates for 2024 and 2025 to $1.80 and $2.10, respectively. These recent developments underscore the bank’s commitment to enhancing shareholder value and its resilience in navigating challenging situations.

InvestingPro Insights

As Jill Bourland increases her stake in Isabella Bank Corp (OTC:ISBA), investors may find additional context in the company’s financial metrics and market performance. According to InvestingPro data, Isabella Bank currently boasts a market capitalization of $158.11 million and trades at a price-to-earnings ratio of 9.81, suggesting a potentially attractive valuation relative to earnings.

The bank’s dividend policy stands out as a key strength. An InvestingPro Tip highlights that Isabella Bank has maintained dividend payments for 17 consecutive years, demonstrating a commitment to shareholder returns. This is further supported by the current dividend yield of 5.27%, which may be particularly appealing to income-focused investors in the current market environment.

Despite a challenging economic backdrop, Isabella Bank remains profitable, with an operating income margin of 26.1% for the last twelve months as of Q2 2024. However, another InvestingPro Tip indicates that net income is expected to drop this year, which investors should monitor closely.

It’s worth noting that Isabella Bank’s stock is trading near its 52-week high, with the current price at 95.51% of that peak. This performance aligns with the company’s recent positive price returns, including a 20.91% total return over the past six months.

For investors seeking a deeper understanding of Isabella Bank’s financial health and market position, InvestingPro offers additional insights with over 10 more tips available for this stock.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.