Vanguard Group Inc. Raises Stake in Six Flags Entertainment Corporation $FUN

Vanguard Group Inc. raised its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,067,759 shares of the company’s stock after acquiring an additional 53,111 shares during the period. Vanguard Group Inc. owned approximately 9.94% of Six Flags Entertainment worth $228,739,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in Six Flags Entertainment in the 3rd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Allworth Financial LP grew its holdings in Six Flags Entertainment by 1,179.0% during the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock worth $46,000 after acquiring an additional 1,403 shares during the period. Caldwell Trust Co purchased a new position in Six Flags Entertainment in the second quarter worth $56,000. Finally, Sound Income Strategies LLC purchased a new position in Six Flags Entertainment in the third quarter worth $59,000. 64.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FUN has been the subject of several research reports. Guggenheim reduced their price objective on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Mizuho raised their price target on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 12th. Jefferies Financial Group lowered their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 13th. Finally, Citigroup cut shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $20.00 in a research report on Thursday, February 5th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus target price of $26.79.

Six Flags Entertainment Stock Performance

Shares of NYSE:FUN opened at $17.03 on Monday. The business has a 50-day moving average of $16.50 and a two-hundred day moving average of $19.01. The firm has a market capitalization of $1.73 billion, a PE ratio of -1.07 and a beta of 0.36. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.69 and a quick ratio of 0.59. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $45.44.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The business had revenue of $650.09 million during the quarter, compared to analysts’ expectations of $602.68 million. Six Flags Entertainment’s revenue was down 5.4% on a year-over-year basis. As a group, research analysts forecast that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

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.