Chescapmanager LLC Grows Stake in Six Flags Entertainment Corporation $FUN

Chescapmanager LLC raised its holdings in Six Flags Entertainment Corporation (NYSE:FUN) by 23.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 788,776 shares of the company’s stock after buying an additional 151,416 shares during the quarter. Six Flags Entertainment comprises 1.7% of Chescapmanager LLC’s investment portfolio, making the stock its 16th largest position. Chescapmanager LLC owned approximately 0.78% of Six Flags Entertainment worth $17,921,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Six Flags Entertainment by 0.5% in the third quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock worth $228,739,000 after acquiring an additional 53,111 shares during the period. Darlington Partners Capital Management LP boosted its holdings in Six Flags Entertainment by 20.2% in the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after acquiring an additional 1,460,000 shares in the last quarter. Dendur Capital LP increased its position in Six Flags Entertainment by 41.1% during the 2nd quarter. Dendur Capital LP now owns 4,433,500 shares of the company’s stock valued at $134,911,000 after purchasing an additional 1,292,500 shares during the period. Rush Island Management LP bought a new position in Six Flags Entertainment in the 2nd quarter worth $115,454,000. Finally, State Street Corp raised its holdings in Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after purchasing an additional 27,848 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Stock Up 2.7%

NYSE:FUN opened at $16.00 on Friday. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.69 and a quick ratio of 0.59. The firm’s 50-day moving average price is $16.82 and its 200-day moving average price is $18.41. The company has a market capitalization of $1.62 billion, a PE ratio of -1.01 and a beta of 0.36. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $39.21.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (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 for the quarter, compared to analysts’ expectations of $602.68 million. Six Flags Entertainment’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Trending Headlines about Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Official strategic partnership with Travis Kelce—company announced a multi-faceted brand ambassadorship expected to drive awareness, promotional activations and likely short-term attendance/merchandising boosts across major parks. Six Flags Announces Strategic Partnership With NFL Legend Travis Kelce
• Neutral Sentiment: Market and media check: analysts and outlets are re‑pricing FUN after the announcement and publishing valuation takes — these pieces frame the partnership as a potential catalyst but stop short of changing long-term fundamental forecasts. Six Flags Entertainment (FUN) Valuation Check After Travis Kelce Brand Partnership Announcement
• Neutral Sentiment: Widespread press coverage highlights Kelce’s role will span multiple parks (including Cedar Point, Darien Lake, Carowinds), amplifying national reach but leaving questions about measurable, sustained revenue impact. Travis Kelce named brand ambassador for Six Flags, including Darien Lake
• Negative Sentiment: Balance-sheet concerns remain prominent: analysis points to high leverage and reliance on asset sales/operational improvements — issues that could limit upside from marketing initiatives if cash flow and debt reduction aren’t visible. Six Flags: Starting Its Cedar-Fication, But Debt Knocks The Door
• Negative Sentiment: Recent fundamentals are still weak: Six Flags missed on the most recent quarter (EPS miss, shrinking revenue and a negative net margin), which keeps the company vulnerable if the partnership doesn’t translate quickly into higher attendance or pricing power.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Truist Financial set a $23.00 target price on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Barclays reissued an “overweight” rating and issued a $22.00 price target on shares of Six Flags Entertainment in a research note on Monday, February 23rd. UBS Group restated a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. Finally, Guggenheim reduced their target price on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Seven 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, the stock presently has an average rating of “Hold” and an average target price of $24.62.

Six Flags Entertainment 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.