Seven Six Capital Management LLC Sells 33,600 Shares of Six Flags Entertainment Corporation $FUN

Seven Six Capital Management LLC reduced its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 26.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,347 shares of the company’s stock after selling 33,600 shares during the quarter. Six Flags Entertainment comprises about 1.5% of Seven Six Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Seven Six Capital Management LLC owned 0.09% of Six Flags Entertainment worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FUN. UBS Group AG lifted its holdings in Six Flags Entertainment by 533.4% in the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after buying an additional 4,446,104 shares during the period. JANA Partners Management LP acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $92,015,000. Rush Island Management LP acquired a new stake in shares of Six Flags Entertainment during the second quarter worth $115,454,000. Morgan Stanley raised its holdings in shares of Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after acquiring an additional 3,629,445 shares during the period. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $70,764,000. 64.65% of the stock is owned by institutional investors.

Six Flags Entertainment Price Performance

Shares of NYSE:FUN opened at $24.30 on Wednesday. The firm has a 50 day moving average of $20.19 and a 200-day moving average of $17.66. The stock has a market capitalization of $2.48 billion, a PE ratio of -1.49 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $33.50.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.06. The company had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. On average, equities research analysts predict that Six Flags Entertainment Corporation will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Marilyn G. Spiegel acquired 2,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the transaction, the director directly owned 15,161 shares in the company, valued at $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rehan Jaffer acquired 125,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the transaction, the director owned 4,900,000 shares in the company, valued at $114,709,000. This represents a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 265,000 shares of company stock worth $6,173,850 in the last three months. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Citigroup lifted their price objective on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Truist Financial lifted their price objective on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 12th. UBS Group lifted their target price on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Wall Street Zen raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.15.

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.