Six Flags Entertainment Corporation $FUN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 80.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,916 shares of the company’s stock after selling 31,740 shares during the quarter. SG Americas Securities LLC’s holdings in Six Flags Entertainment were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in Six Flags Entertainment by 26.1% in 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. grew its stake in shares of Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Six Flags Entertainment by 2.5% during the second quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after acquiring an additional 5,775 shares in the last quarter. State Street Corp increased its holdings in shares of Six Flags Entertainment by 0.8% during the second quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after acquiring an additional 27,848 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after purchasing an additional 465,572 shares during the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Six Flags Entertainment news, insider Richard M. Haddrill acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the purchase, the insider directly owned 230,117 shares of the company’s stock, valued at $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marilyn G. Spiegel bought 2,500 shares of Six Flags Entertainment stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $19.10 per share, with a total value of $47,750.00. Following the acquisition, the director owned 15,161 shares of the company’s stock, valued at $289,575.10. The trade was a 19.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 265,000 shares of company stock valued at $6,173,850 in the last ninety days. Insiders own 2.10% of the company’s stock.

Six Flags Entertainment Trading Down 0.2%

Six Flags Entertainment stock opened at $19.42 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $33.50. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of -1.19 and a beta of 0.38. The stock has a 50-day moving average price of $21.12 and a 200 day moving average price of $18.51.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results 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 company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.28 EPS for the current year.

Analysts Set New Price Targets

FUN has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Citigroup cut their price target on shares of Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday. Zacks Research cut shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Oppenheimer lowered their price objective on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.07.

Six Flags Entertainment Company 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.