Balefire LLC Sells 46,517 Shares of Six Flags Entertainment Corporation $FUN

Balefire LLC reduced its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 50.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 45,039 shares of the company’s stock after selling 46,517 shares during the quarter. Balefire LLC’s holdings in Six Flags Entertainment were worth $1,023,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Veracity Capital LLC raised its position in shares of Six Flags Entertainment by 20.0% in the second quarter. Veracity Capital LLC now owns 25,282 shares of the company’s stock valued at $769,000 after purchasing an additional 4,214 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Six Flags Entertainment by 5.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock worth $287,000 after purchasing an additional 484 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in Six Flags Entertainment by 42.5% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock valued at $175,000 after purchasing an additional 1,717 shares during the period. Wedge Capital Management L L P NC grew its holdings in Six Flags Entertainment by 0.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company’s stock valued at $1,198,000 after buying an additional 335 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Six Flags Entertainment by 96.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after buying an additional 884 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Trading Down 0.4%

NYSE:FUN opened at $14.72 on Thursday. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $49.77. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. The business’s 50-day simple moving average is $18.11 and its 200-day simple moving average is $24.14. The stock has a market capitalization of $1.49 billion, a PE ratio of -0.83 and a beta of 0.39.

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

Analyst Ratings Changes

A number of research analysts have recently commented on FUN shares. Mizuho cut their price target on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Capital One Financial set a $28.00 price target on shares of Six Flags Entertainment in a research note on Tuesday, October 7th. The Goldman Sachs Group cut their price target on shares of Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Morgan Stanley reissued an “equal weight” rating and issued a $20.00 target price (down from $30.00) on shares of Six Flags Entertainment in a report on Monday, November 10th. Finally, Truist Financial set a $23.00 price objective on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.29.

Six Flags Entertainment 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.