Susquehanna Advisors Group Inc. Reduces Stake in Six Flags Entertainment Corporation $FUN

Susquehanna Advisors Group Inc. lessened its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 90.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,568 shares of the company’s stock after selling 198,137 shares during the period. Susquehanna Advisors Group Inc.’s holdings in Six Flags Entertainment were worth $438,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Six Flags Entertainment by 36.1% in the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Six Flags Entertainment by 26.1% during the 2nd 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. raised its stake in 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 acquiring an additional 722 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in 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 acquiring an additional 748 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in Six Flags Entertainment by 10.6% in the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock valued at $283,000 after acquiring an additional 888 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Price Performance

Shares of NYSE FUN opened at $16.28 on Monday. The firm has a market capitalization of $1.67 billion, a P/E ratio of -0.94 and a beta of 0.41. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $27.37. The company’s fifty day moving average is $18.30 and its two-hundred day moving average is $18.71. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42.

Insider Transactions at Six Flags Entertainment

In related news, CEO John T. Reilly bought 15,713 shares of the stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the transaction, the chief executive officer owned 297,736 shares of the company’s stock, valued at $4,704,228.80. This represents a 5.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer purchased 125,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the acquisition, the director owned 4,900,000 shares in the company, valued at approximately $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 265,713 shares of company stock worth $6,135,765. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FUN has been the topic of several research reports. Citigroup reaffirmed a “neutral” rating on shares of Six Flags Entertainment in a report on Friday, August 7th. Stifel Nicolaus set a $23.00 target price on Six Flags Entertainment in a research report on Friday, August 7th. Guggenheim cut their price target on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Oppenheimer reduced their price objective on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, The Goldman Sachs Group set a $15.00 price objective on Six Flags Entertainment in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and an average price target of $21.93.

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.