Public Sector Pension Investment Board Purchases 74,567 Shares of Six Flags Entertainment Corporation $FUN

Public Sector Pension Investment Board increased its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 23.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 395,093 shares of the company’s stock after purchasing an additional 74,567 shares during the period. Public Sector Pension Investment Board’s holdings in Six Flags Entertainment were worth $8,977,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Six Flags Entertainment by 1,179.0% during the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after purchasing an additional 1,403 shares in the last quarter. Caldwell Trust Co purchased a new position in Six Flags Entertainment during the second quarter valued at approximately $56,000. Sound Income Strategies LLC bought a new position in Six Flags Entertainment in the third quarter worth approximately $59,000. Finally, AlphaQuest LLC raised its stake 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 buying an additional 2,134 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FUN. Guggenheim dropped their target price on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. The Goldman Sachs Group dropped their price objective on 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. Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Barclays decreased their price target on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Finally, Stifel Nicolaus cut their price objective on shares of Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.14.

Six Flags Entertainment Trading Down 4.0%

Six Flags Entertainment stock opened at $15.87 on Tuesday. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58. The stock has a market cap of $1.61 billion, a PE ratio of -0.90 and a beta of 0.38. The stock has a 50-day moving average of $16.11 and a two-hundred day moving average of $19.64. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $48.80.

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.