268,787 Shares in Six Flags Entertainment Corporation $FUN Bought by Managed Asset Portfolios LLC

Managed Asset Portfolios LLC purchased a new stake in Six Flags Entertainment Corporation (NYSE:FUN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 268,787 shares of the company’s stock, valued at approximately $8,179,000. Managed Asset Portfolios LLC owned about 0.27% of Six Flags Entertainment at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FUN. Alberta Investment Management Corp acquired a new stake in shares of Six Flags Entertainment during the second quarter worth about $18,288,000. Aurora Investment Counsel boosted its position in shares of Six Flags Entertainment by 114.8% in the 2nd quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock valued at $1,025,000 after purchasing an additional 17,995 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Six Flags Entertainment during the 2nd quarter worth approximately $656,000. Balefire LLC increased its position in Six Flags Entertainment by 73.7% during the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock worth $2,786,000 after buying an additional 38,832 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in Six Flags Entertainment by 127.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 92,328 shares of the company’s stock worth $2,810,000 after buying an additional 51,713 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $14.00 on Wednesday. The stock has a market capitalization of $1.42 billion, a P/E ratio of -2.89 and a beta of 0.69. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.42 and a current ratio of 0.52. Six Flags Entertainment Corporation has a 1 year low of $13.29 and a 1 year high of $49.77. The company’s fifty day moving average is $21.39 and its two-hundred day moving average is $27.16.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Friday, November 7th. The company reported ($11.77) earnings per share for the quarter, missing the consensus estimate of $2.24 by ($14.01). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.21 EPS. On average, sell-side analysts predict that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FUN shares. Citigroup decreased their price objective on Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Barclays reduced their price target on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Guggenheim lowered their price objective on shares of Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. UBS Group dropped their price objective on shares of Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Finally, Jefferies Financial Group cut shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and reduced their target price for the company from $41.00 to $25.00 in a report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.07.

About Six Flags Entertainment

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.