Jupiter Topco LLC Makes New $10.35 Million Investment in Six Flags Entertainment Corporation $FUN

Jupiter Topco LLC bought a new stake in Six Flags Entertainment Corporation (NYSE:FUN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 485,694 shares of the company’s stock, valued at approximately $10,348,000. Jupiter Topco LLC owned 0.47% of Six Flags Entertainment as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlas Wealth LLC bought a new position in Six Flags Entertainment in the first quarter valued at approximately $26,000. Danske Bank A S acquired a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares in the last quarter. Allworth Financial LP bought a new position in shares of Six Flags Entertainment in the 2nd quarter valued at $35,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FUN. Wall Street Zen downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Truist Financial boosted their target price on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Mizuho set a $10.00 target price on shares of Six Flags Entertainment and gave the stock an “underperform” rating in a report on Friday, August 7th. Stifel Nicolaus set a $23.00 price target on shares of Six Flags Entertainment in a research note on Friday, August 7th. Finally, Northcoast Research assumed coverage on shares of Six Flags Entertainment in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.93.

Six Flags Entertainment Price Performance

Shares of FUN opened at $16.28 on Friday. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $27.37. The business has a 50-day simple moving average of $18.30 and a two-hundred day simple moving average of $18.71. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34. The stock has a market cap of $1.67 billion, a PE ratio of -0.94 and a beta of 0.40.

Insider Activity

In other news, Director Rehan Jaffer acquired 125,000 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the purchase, the director directly owned 4,900,000 shares of the company’s stock, valued at $114,709,000. This represents a 2.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John T. Reilly acquired 15,713 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares in the company, valued at $4,704,228.80. The trade was a 5.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have bought 265,713 shares of company stock worth $6,135,765. Company insiders own 2.10% of the company’s stock.

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.