Six Flags Entertainment Corporation $FUN Holdings Lowered by ING Groep NV

ING Groep NV cut its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,900 shares of the company’s stock after selling 34,800 shares during the period. ING Groep NV owned approximately 0.61% of Six Flags Entertainment worth $13,925,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers lifted its position in Six Flags Entertainment by 5.8% in the third quarter. Rhumbline Advisers now owns 274,800 shares of the company’s stock worth $6,243,000 after purchasing an additional 15,135 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Six Flags Entertainment by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 8,821 shares of the company’s stock valued at $193,000 after buying an additional 1,329 shares during the period. State of Wyoming boosted its stake in Six Flags Entertainment by 120.2% during the third quarter. State of Wyoming now owns 21,465 shares of the company’s stock valued at $488,000 after buying an additional 11,719 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Six Flags Entertainment by 4.9% during the third quarter. Principal Financial Group Inc. now owns 489,230 shares of the company’s stock worth $11,115,000 after acquiring an additional 22,687 shares during the period. Finally, AlphaQuest LLC raised its position in Six Flags Entertainment by 303.1% in the third quarter. AlphaQuest LLC now owns 2,838 shares of the company’s stock worth $64,000 after acquiring an additional 2,134 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Trading Down 0.1%

NYSE FUN opened at $18.04 on Thursday. The firm’s 50 day moving average price is $16.05 and its two-hundred day moving average price is $20.02. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $48.80. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -1.02 and a beta of 0.39.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial set a $23.00 price objective on shares of Six Flags Entertainment and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Guggenheim reduced their target price on shares of Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Zacks Research upgraded shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Stifel Nicolaus cut their price objective on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and an average price target of $27.14.

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.