Six Flags Entertainment Corporation $FUN Shares Purchased by Barnett & Company Inc.

Barnett & Company Inc. increased its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 203.3% in the 1st quarter, Holdings Channel reports. The firm owned 80,478 shares of the company’s stock after purchasing an additional 53,946 shares during the period. Barnett & Company Inc.’s holdings in Six Flags Entertainment were worth $1,428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FUN. UBS Group AG lifted its stake in Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after purchasing an additional 4,446,104 shares in the last quarter. JANA Partners Management LP purchased a new stake in shares of Six Flags Entertainment in the third quarter valued at approximately $92,015,000. Invenomic Capital Management LP purchased a new stake in shares of Six Flags Entertainment in the third quarter valued at approximately $23,499,000. Interval Partners LP grew its position in shares of Six Flags Entertainment by 76.0% in the third quarter. Interval Partners LP now owns 388,188 shares of the company’s stock valued at $8,820,000 after purchasing an additional 167,643 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in shares of Six Flags Entertainment by 106.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company’s stock valued at $1,968,000 after purchasing an additional 66,263 shares during the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Six Flags Entertainment news, insider Richard M. Haddrill bought 10,000 shares of Six Flags Entertainment stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the transaction, the insider directly owned 230,117 shares of the company’s stock, valued at $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Marilyn G. Spiegel purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the purchase, the director owned 15,161 shares in the company, valued at approximately $289,575.10. The trade was a 19.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 265,000 shares of company stock valued at $6,173,850 over the last quarter. 2.10% of the stock is owned by insiders.

Six Flags Entertainment Stock Up 4.1%

Shares of NYSE FUN opened at $19.42 on Friday. The company has a 50 day simple moving average of $21.12 and a 200-day simple moving average of $18.48. The company has a market capitalization of $1.99 billion, a P/E ratio of -1.19 and a beta of 0.38. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $33.50.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. The firm had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. On average, equities research analysts predict that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FUN. Citigroup reduced their price objective on Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group raised their target price on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. The Goldman Sachs Group raised their target price on Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Zacks Research lowered Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, Truist Financial boosted their price target on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.07.

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.