SG Americas Securities LLC Grows Holdings in Six Flags Entertainment Corporation $FUN

SG Americas Securities LLC lifted its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 118.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,231 shares of the company’s stock after acquiring an additional 5,006 shares during the quarter. SG Americas Securities LLC’s holdings in Six Flags Entertainment were worth $281,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its stake in Six Flags Entertainment by 0.9% during the second quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company’s stock worth $1,198,000 after purchasing an additional 335 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in Six Flags Entertainment by 1.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 27,632 shares of the company’s stock worth $841,000 after acquiring an additional 399 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in Six Flags Entertainment by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 35,141 shares of the company’s stock valued at $1,069,000 after acquiring an additional 433 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Six Flags Entertainment by 5.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock valued at $287,000 after acquiring an additional 484 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Six Flags Entertainment by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 14,479 shares of the company’s stock worth $441,000 after purchasing an additional 552 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $15.11 on Friday. The company has a market cap of $1.53 billion, a P/E ratio of -3.12 and a beta of 0.69. The firm has a fifty day moving average price of $20.00 and a 200 day moving average price of $26.00. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 2.97. 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 posted its quarterly earnings results on Friday, November 7th. The company reported ($11.77) earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.21 earnings per share. Sell-side analysts predict that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FUN shares. Morgan Stanley restated an “equal weight” rating and issued a $20.00 price objective (down previously from $30.00) on shares of Six Flags Entertainment in a report on Monday, November 10th. JPMorgan Chase & Co. dropped their price target on shares of Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating for the company in a research note on Wednesday, November 12th. Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Guggenheim decreased their target price on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Jefferies Financial Group downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their price target for the stock from $41.00 to $25.00 in a report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.57.

About Six Flags Entertainment

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.