Invenomic Capital Management LP Purchases 402,329 Shares of Six Flags Entertainment Corporation $FUN

Invenomic Capital Management LP lifted its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 38.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,436,617 shares of the company’s stock after purchasing an additional 402,329 shares during the quarter. Six Flags Entertainment makes up about 1.0% of Invenomic Capital Management LP’s portfolio, making the stock its 28th largest holding. Invenomic Capital Management LP’s holdings in Six Flags Entertainment were worth $22,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearline Capital LP boosted its position in Six Flags Entertainment by 2,541.5% during the fourth quarter. Clearline Capital LP now owns 565,495 shares of the company’s stock valued at $8,675,000 after acquiring an additional 544,087 shares during the last quarter. Silver Point Capital L.P. bought a new position in shares of Six Flags Entertainment in the 4th quarter worth about $1,994,000. HBK Investments L P bought a new position in shares of Six Flags Entertainment in the 4th quarter worth about $614,000. Nearwater Capital Markets Ltd raised its position in shares of Six Flags Entertainment by 132.4% in the 4th quarter. Nearwater Capital Markets Ltd now owns 1,755,500 shares of the company’s stock worth $26,929,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Six Flags Entertainment by 4.5% in the 4th quarter. Jump Financial LLC now owns 32,376 shares of the company’s stock valued at $497,000 after purchasing an additional 1,380 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Stock Up 2.2%

FUN stock opened at $24.98 on Thursday. The stock’s 50 day simple moving average is $20.33 and its 200 day simple moving average is $17.74. The company has a market cap of $2.55 billion, a P/E ratio of -1.53 and a beta of 0.39. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $33.50.

Six Flags Entertainment (NYSE:FUN) last announced 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 during 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, research analysts expect that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FUN. Oppenheimer decreased their target price on 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. Guggenheim dropped their price target on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Zacks Research cut Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Morgan Stanley set a $18.00 price objective on shares of Six Flags Entertainment in a research note on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment presently has an average rating of “Hold” and a consensus price target of $25.15.

Insider Buying and Selling

In other Six Flags Entertainment news, Director Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock in a transaction that occurred 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 transaction, the director owned 4,900,000 shares in the company, valued at $114,709,000. This trade represents a 2.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marilyn G. Spiegel purchased 2,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $19.10 per share, with a total value of $47,750.00. Following the purchase, the director directly owned 15,161 shares in the company, valued at $289,575.10. This represents a 19.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 265,000 shares of company stock worth $6,173,850 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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.