Susquehanna Advisors Group Inc. Reduces Holdings in Six Flags Entertainment Corporation $FUN

Susquehanna Advisors Group Inc. reduced its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 90.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,568 shares of the company’s stock after selling 198,137 shares during the quarter. Susquehanna Advisors Group Inc.’s holdings in Six Flags Entertainment were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atlas Wealth LLC acquired a new stake in Six Flags Entertainment during the 1st quarter valued at $26,000. Danske Bank A S acquired a new position in shares of Six Flags Entertainment in the third quarter worth $27,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Six Flags Entertainment by 259.7% in the second 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 during the last quarter. Allworth Financial LP purchased a new stake in shares of Six Flags Entertainment in the second quarter valued at $35,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Six Flags Entertainment by 36.1% in the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Insider Buying and Selling

In related news, CEO John T. Reilly purchased 15,713 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $15.80 per share, with a total value of $248,265.40. Following the completion of the purchase, the chief executive officer directly owned 297,736 shares in the company, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer purchased 125,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was bought at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the acquisition, the director owned 4,900,000 shares in the company, valued at $114,709,000. The trade was a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 265,713 shares of company stock worth $6,135,765. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Northcoast Research initiated coverage on Six Flags Entertainment in a research report on Wednesday, July 8th. They set a “neutral” rating for the company. Citizens Jmp reduced their target price on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating on the stock in a report on Friday, August 7th. Barclays decreased their price target on shares of Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Truist Financial lifted their price target on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.93.

Six Flags Entertainment Trading Up 0.4%

Shares of FUN stock opened at $16.28 on Monday. The firm’s 50-day simple moving average is $18.30 and its 200-day simple moving average is $18.71. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $27.37. The firm has a market cap of $1.67 billion, a P/E ratio of -0.94 and a beta of 0.41.

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.