Vanguard Group Inc. Boosts Holdings in Six Flags Entertainment Corporation $FUN

Vanguard Group Inc. boosted its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,067,759 shares of the company’s stock after purchasing an additional 53,111 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Six Flags Entertainment worth $228,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Six Flags Entertainment in the 3rd quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 valued at $30,000 after purchasing an additional 722 shares during the last quarter. Allworth Financial LP boosted its holdings in Six Flags Entertainment by 1,179.0% in 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 during the last quarter. Caldwell Trust Co acquired a new stake in Six Flags Entertainment during the 2nd quarter valued at approximately $56,000. Finally, Sound Income Strategies LLC purchased a new stake in Six Flags Entertainment during the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Analyst Upgrades and Downgrades

FUN has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. 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. Jefferies Financial Group cut their target price on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 13th. Stifel Nicolaus decreased their price target on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, The Goldman Sachs Group lowered their price objective on Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.79.

Six Flags Entertainment Stock Down 1.0%

FUN stock opened at $17.03 on Monday. The stock has a market cap of $1.73 billion, a PE ratio of -1.07 and a beta of 0.36. The firm’s 50-day simple moving average is $16.50 and its 200 day simple moving average is $19.01. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $45.44. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The business had revenue of $650.09 million during the quarter, compared to the consensus estimate of $602.68 million. Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.Six Flags Entertainment’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

About Six Flags Entertainment

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.