Bleakley Financial Group LLC Makes New Investment in Six Flags Entertainment Corporation $FUN

Bleakley Financial Group LLC bought a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 48,408 shares of the company’s stock, valued at approximately $1,473,000.

Several other large investors have also recently made changes to their positions in FUN. Aurora Investment Counsel boosted its position in shares of Six Flags Entertainment by 114.8% during the 2nd quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock worth $1,025,000 after purchasing an additional 17,995 shares during the period. Balefire LLC lifted its stake in Six Flags Entertainment by 73.7% during the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock worth $2,786,000 after purchasing an additional 38,832 shares in the last quarter. Peregrine Capital Management LLC boosted its position in shares of Six Flags Entertainment by 7.5% during the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company’s stock worth $4,691,000 after buying an additional 9,231 shares during the period. Trust Co. of Toledo NA OH grew its stake in shares of Six Flags Entertainment by 9.2% in the second quarter. Trust Co. of Toledo NA OH now owns 7,144 shares of the company’s stock valued at $217,000 after buying an additional 600 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Six Flags Entertainment by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company’s stock valued at $1,701,000 after buying an additional 4,251 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FUN shares. Oppenheimer lowered their target price on Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. The Goldman Sachs Group reduced their price target on shares of Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Guggenheim set a $43.00 price objective on shares of Six Flags Entertainment and gave the company a “buy” rating in a report on Thursday, August 7th. Capital One Financial set a $28.00 price objective on shares of Six Flags Entertainment in a report on Tuesday, October 7th. Finally, Barclays dropped their price objective on shares of Six Flags Entertainment from $40.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $34.21.

Six Flags Entertainment Stock Up 3.0%

Shares of Six Flags Entertainment stock opened at $25.67 on Friday. Six Flags Entertainment Corporation has a 52-week low of $20.00 and a 52-week high of $49.77. The company has a 50 day moving average of $23.14 and a 200 day moving average of $28.97. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. The company has a market capitalization of $2.60 billion, a P/E ratio of -5.29 and a beta of 0.71.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). 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 $930.39 million during the quarter, compared to analysts’ expectations of $999.82 million. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. As a group, research analysts forecast that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Six Flags Entertainment Company 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.