Broyhill Asset Management LLC Decreases Holdings in Six Flags Entertainment Corporation $FUN

Broyhill Asset Management LLC trimmed its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 86.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,642 shares of the company’s stock after selling 74,773 shares during the period. Broyhill Asset Management LLC’s holdings in Six Flags Entertainment were worth $179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Aristides Capital LLC purchased a new stake in shares of Six Flags Entertainment in the fourth quarter worth approximately $207,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Six Flags Entertainment in the 4th quarter worth $516,000. Federated Hermes Inc. acquired a new stake in shares of Six Flags Entertainment in the 4th quarter worth $1,962,000. Swiss National Bank boosted its position in shares of Six Flags Entertainment by 1.9% in the 4th quarter. Swiss National Bank now owns 189,707 shares of the company’s stock worth $2,910,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Nuveen LLC boosted its position in shares of Six Flags Entertainment by 3.0% in the 4th quarter. Nuveen LLC now owns 208,473 shares of the company’s stock worth $3,198,000 after purchasing an additional 6,100 shares in the last quarter. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Stock Down 3.6%

Six Flags Entertainment stock opened at $23.51 on Friday. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $33.50. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $2.40 billion, a PE ratio of -1.44 and a beta of 0.39. The stock’s fifty day moving average is $19.91 and its two-hundred day moving average is $17.52.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The company had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $207.49 million. On average, sell-side analysts expect that Six Flags Entertainment Corporation will post -0.28 EPS for the current fiscal year.

Insider Transactions at Six Flags Entertainment

In other news, insider Richard M. Haddrill bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the transaction, the insider owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marilyn G. Spiegel bought 2,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of $19.10 per share, for a total transaction of $47,750.00. Following the transaction, the director directly owned 15,161 shares of the company’s stock, valued at approximately $289,575.10. This represents a 19.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 15,000 shares of company stock worth $286,350 in the last quarter. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

FUN has been the subject of a number of research reports. UBS Group lifted their price target on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer lowered their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Zacks Research lowered Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Guggenheim reduced their price target on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a report on Monday, April 13th. Finally, Citigroup boosted their price objective on Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.15.

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.