13D Management LLC Makes New Investment in Six Flags Entertainment Corporation $FUN

13D Management LLC purchased a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 186,500 shares of the company’s stock, valued at approximately $2,861,000. Six Flags Entertainment comprises approximately 3.4% of 13D Management LLC’s holdings, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after acquiring an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 722 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Six Flags Entertainment by 26.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock worth $82,000 after buying an additional 748 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Six Flags Entertainment by 10.6% during the 2nd quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock worth $283,000 after buying an additional 888 shares during the period. Finally, CoreCap Advisors LLC grew its stake in Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after buying an additional 975 shares during the last quarter. 64.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Six Flags Entertainment news, Director Marilyn G. Spiegel acquired 2,500 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $19.10 per share, for a total transaction of $47,750.00. Following the purchase, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rehan Jaffer acquired 125,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the purchase, the director directly owned 4,900,000 shares in the company, valued at approximately $114,709,000. This represents a 2.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 265,000 shares of company stock worth $6,173,850 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $24.30 on Wednesday. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $33.50. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The company has a 50-day simple moving average of $20.19 and a two-hundred day simple moving average of $17.66. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -1.49 and a beta of 0.39.

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

Analysts Set New Price Targets

FUN has been the topic of a number of research reports. Barclays upped their price target on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Truist Financial upped 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 note on Friday, June 12th. Mizuho upped their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a research note on Friday, May 8th. Finally, Citigroup upped their price target on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.15.

About Six Flags Entertainment

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.