Six Flags Entertainment Corporation $FUN Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC lowered its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 99.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,099 shares of the company’s stock after selling 1,095,363 shares during the period. Cannell & Spears LLC’s holdings in Six Flags Entertainment were worth $252,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Six Flags Entertainment by 56.5% during the second quarter. Envestnet Asset Management Inc. now owns 61,081 shares of the company’s stock worth $1,859,000 after purchasing an additional 22,054 shares in the last quarter. Allworth Financial LP boosted its holdings in Six Flags Entertainment by 1,179.0% in the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after purchasing an additional 1,403 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $67,222,000 after purchasing an additional 52,337 shares during the period. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Six Flags Entertainment by 10.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 21,953 shares of the company’s stock worth $668,000 after buying an additional 2,139 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Six Flags Entertainment by 8.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,139 shares of the company’s stock worth $735,000 after buying an additional 1,821 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Stock Up 2.5%

Shares of NYSE:FUN opened at $16.39 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40. The company has a market capitalization of $1.66 billion, a P/E ratio of -1.03 and a beta of 0.36. Six Flags Entertainment Corporation has a 52-week low of $12.51 and a 52-week high of $39.21. The stock’s fifty day simple moving average is $16.85 and its 200-day simple moving average is $18.32.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The firm had revenue of $650.09 million during the quarter, compared to analysts’ expectations of $602.68 million. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities research analysts forecast that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Truist Financial set a $23.00 target price on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Guggenheim cut their price target on shares of Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Morgan Stanley set a $18.00 price objective on shares of Six Flags Entertainment in a research note on Friday, February 20th. UBS Group reissued a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $24.62.

Six Flags Entertainment Profile

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.