Six Flags Entertainment Corporation $FUN Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 118.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,231 shares of the company’s stock after purchasing an additional 5,006 shares during the quarter. SG Americas Securities LLC’s holdings in Six Flags Entertainment were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FUN. Allworth Financial LP lifted its stake in Six Flags Entertainment by 1,179.0% in the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after buying an additional 1,403 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Six Flags Entertainment by 96.5% during the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after acquiring an additional 884 shares during the last quarter. ORG Wealth Partners LLC lifted its position in shares of Six Flags Entertainment by 45.8% in the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock valued at $102,000 after acquiring an additional 1,002 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Six Flags Entertainment by 42.5% in the second quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock worth $175,000 after acquiring an additional 1,717 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in shares of Six Flags Entertainment by 9.2% during the second quarter. Trust Co. of Toledo NA OH now owns 7,144 shares of the company’s stock worth $217,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Guggenheim decreased their price objective on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Mizuho reduced their target price on shares of 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. Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. The Goldman Sachs Group lowered 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 research report on Monday, November 10th. Finally, UBS Group reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.57.

Six Flags Entertainment Price Performance

Shares of FUN stock opened at $15.11 on Friday. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42. The company has a market capitalization of $1.53 billion, a PE ratio of -3.12 and a beta of 0.69. The firm’s 50-day moving average is $20.00 and its two-hundred day moving average is $26.00. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $49.77.

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

Six Flags Entertainment Profile

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.