Public Sector Pension Investment Board Acquires 74,567 Shares of Six Flags Entertainment Corporation $FUN

Public Sector Pension Investment Board grew its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 395,093 shares of the company’s stock after buying an additional 74,567 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Six Flags Entertainment worth $8,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FUN. Ameritas Investment Partners Inc. raised its position in Six Flags Entertainment by 4.4% during the second quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock valued at $298,000 after purchasing an additional 413 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Six Flags Entertainment by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 35,141 shares of the company’s stock worth $1,069,000 after purchasing an additional 433 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Six Flags Entertainment by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock valued at $103,000 after purchasing an additional 442 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Six Flags Entertainment by 1.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 56,470 shares of the company’s stock valued at $1,282,000 after buying an additional 545 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Six Flags Entertainment by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,479 shares of the company’s stock valued at $441,000 after buying an additional 552 shares during the period. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Trading Down 4.0%

FUN stock opened at $15.87 on Tuesday. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $48.80. The firm’s 50-day moving average is $16.11 and its 200 day moving average is $19.64. The company has a market capitalization of $1.61 billion, a PE ratio of -0.90 and a beta of 0.38. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48.

Analyst Upgrades and Downgrades

FUN has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 13th. Barclays dropped 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 note on Monday, November 10th. The Goldman Sachs Group cut their price target on shares of Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Truist Financial set a $23.00 price objective on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Mizuho dropped their target price on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.14.

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.