Brant Point Investment Management LLC Acquires 51,279 Shares of Six Flags Entertainment Corporation $FUN

Brant Point Investment Management LLC raised its holdings in Six Flags Entertainment Corporation (NYSE:FUN) by 259.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,035 shares of the company’s stock after purchasing an additional 51,279 shares during the period. Brant Point Investment Management LLC owned 0.07% of Six Flags Entertainment worth $2,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alberta Investment Management Corp bought a new stake in shares of Six Flags Entertainment during the 2nd quarter valued at $18,288,000. Aurora Investment Counsel boosted its stake in Six Flags Entertainment by 114.8% in the 2nd quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock worth $1,025,000 after purchasing an additional 17,995 shares during the period. Catalyst Capital Advisors LLC bought a new position in Six Flags Entertainment in the 2nd quarter worth about $656,000. Geode Capital Management LLC grew its holdings in Six Flags Entertainment by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,208,815 shares of the company’s stock valued at $67,222,000 after buying an additional 52,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Six Flags Entertainment by 56.5% during the second quarter. Envestnet Asset Management Inc. now owns 61,081 shares of the company’s stock valued at $1,859,000 after buying an additional 22,054 shares during the period. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Trading Up 1.8%

Shares of Six Flags Entertainment stock opened at $15.60 on Monday. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $49.77. The firm has a market cap of $1.58 billion, a PE ratio of -0.88 and a beta of 0.39. The company has a 50 day simple moving average of $19.34 and a two-hundred day simple moving average of $25.17.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company earned $4.21 EPS. Six Flags Entertainment’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FUN. Weiss Ratings reissued a “sell (d)” rating on shares of Six Flags Entertainment in a report on Wednesday, October 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 target price (down previously from $30.00) on shares of Six Flags Entertainment in a report on Monday, November 10th. Citigroup lowered their target price on shares of Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. JPMorgan Chase & Co. reduced their price target on shares of Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 12th. Finally, Oppenheimer decreased their price target on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.29.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.