Financial Results, Appointments & Promotions, Company Updates, and Acquisitions - Research Reports on Advance Auto Parts, SeaWorld Entertainment, 21st Century Fox, FleetCor and Delta
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NEW YORK, August 19, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Advance Auto Parts Inc. (NYSE: AAP), SeaWorld Entertainment, Inc. (NYSE: SEAS), Twenty-First Century Fox, Inc (NASDAQ: FOXA), FleetCor Technologies, Inc. (NYSE: FLT) and Delta Air Lines Inc. (NYSE: DAL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5793-100free.
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Advance Auto Parts Inc. Research Reports
On August 6, 2014, Advance Auto Parts Inc. (Advance Auto Parts) promoted Zaheed Mawani to the position of Vice President, Finance Planning, Analysis and Investor Relations. According to the Company, in his new role, Mr. Mawani will lead the Planning and Performance Management Team, which is responsible for enterprise planning, forecasting and management reporting. The Company informed that, he will be based in Raleigh, North Carolina and will report to Mike Norona, Executive Vice President, and CFO. Advance Auto Parts stated that Mr. Mawani joined the Company in July, 2013 and brings over 18 years of finance experience to his new role. The full research reports on Advance Auto Parts are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/AAP/report.pdf
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SeaWorld Entertainment, Inc. Research Reports
On August 13, 2014, shares of SeaWorld Entertainment, Inc. (SeaWorld Entertainment) - the theme park and entertainment Company plunged 32.86% to end the trading session at $18.90, after Q2 2014 earnings missed analysts' estimates. SeaWorld reported quarterly earnings of 43 cents per share, lower than Zacks consensus estimate of 60 cents per share. Revenues were $405.2 million, versus $411.3 million in Q2 2013. According to SeaWorld Entertainment, the fall in revenue was driven by a 1.8% YoY decline in total revenue per capita to $61.54 in the Q2 2014, offset by a 0.3% YoY improvement in attendance. Further, the Company announced that its Board of Directors has authorized the repurchase of up to $250 million of its common stock beginning on January 1, 2015. The Company informed that it has also signed a Letter of Intent with Village Roadshow Theme Parks to co-develop theme parks in Pan-Asia, India and Russia. Jim Atchison, CEO and President of SeaWorld Entertainment, commented, "In order to drive growth, we are undertaking a number of initiatives, including a detailed review of our Company-wide cost structure with the goal of driving significant cash cost savings in 2014 and 2015. Our intent is to re-invest these savings into additional new attractions at our destination parks and return capital to shareholders." The full research reports on SeaWorld Entertainment are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/SEAS/report.pdf
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Twenty-First Century Fox, Inc Research Reports
On August 11, 2014, a news article on Reuters reported that the Hedge fund ValueAct Capital LLC (ValueAct Capital) has purchased a $1 billion worth of stake in Twenty-First Century Fox Inc. (21st Century Fox). ValueAct Capital is a privately owned hedge fund sponsor which provides its services to high net worth individuals and institutions. ValueAct Capital was founded in 2000 and is based in San Francisco, California with an additional office in Boston, Massachusetts. The full research reports on 21st Century Fox are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/FOXA/report.pdf
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FleetCor Technologies, Inc. Research Reports
On August 12, 2014, FleetCor Technologies, Inc. (FleetCor) announced that it has signed a definitive agreement to acquire Comdata Inc. from Ceridian LLC, a portfolio company of funds affiliated with Thomas H. Lee Partners, L.P. (THL) and Fidelity National Financial Inc., for $3.5 billion. The Company informed that concurrent with the closing of the acquisition, a representative from THL will be appointed to the FleetCor Board of Directors. Ron Clarke, Chairman and CEO, FleetCor, said, "Comdata's virtual payments business will add a completely new growth leg to FleetCor. We believe that the combination will result in significant synergies as we implement our operating disciplines to their portfolio of businesses." The stock market cheered the acquisition news and FleetCor stock rose 9.78% to end the August 13, 2014 trading session at $142.10. The full research reports on FleetCor are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/FLT/report.pdf
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Delta Air Lines Inc. Research Reports
On August 6, 2014, Delta Air Lines Inc. (Delta) issued a press release stating that Gail Grimmett, Senior Vice President, New York has been elected to the Board of Directors of NYC & Company, the official marketing, tourism and partnership organization for the City of New York. As per the release, Grimmett has been elected for a two-year term on the organization's board, and has been appointed to the Group's Executive Committee. "As New York's leading airline, Delta has worked to expand leisure and business travel throughout the region as we grow our hubs at LaGuardia and JFK airports,"Grimmett said. "That's why it's so exciting to be a part of NYC & Company's board, and I look forwarding to working with this great organization to further our shared goals of boosting New York's economy and creating new opportunities for tourism and travel throughout the city." The full research reports on Delta are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/DAL/report.pdf
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