Hawk Ridge Capital Management LP Sells 171,072 Shares of Six Flags Entertainment Corporation $FUN

Hawk Ridge Capital Management LP decreased its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,368,578 shares of the company’s stock after selling 171,072 shares during the quarter. Hawk Ridge Capital Management LP owned about 1.34% of Six Flags Entertainment worth $24,292,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. CoreCap Advisors LLC raised its position in shares of Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after buying an additional 975 shares in the last quarter. Atlas Wealth LLC purchased a new position in Six Flags Entertainment in the first quarter worth about $26,000. Danske Bank A S purchased a new stake in Six Flags Entertainment during the third quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Six Flags Entertainment during the fourth quarter valued at approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake 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 during the last quarter. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Trading Up 1.5%

NYSE FUN opened at $17.63 on Tuesday. The stock has a market cap of $1.80 billion, a PE ratio of -1.08 and a beta of 0.38. 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 $31.99. The company’s 50-day moving average price is $20.67 and its 200-day moving average price is $18.76.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FUN. JPMorgan Chase & Co. raised Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a research report on Friday, May 8th. Weiss Ratings lowered shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Zacks Research cut shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Truist Financial increased their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Finally, UBS Group raised 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. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment currently has an average rating of “Hold” and an average price target of $25.00.

Insider Activity at Six Flags Entertainment

In other news, Director Marilyn G. Spiegel acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the purchase, 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 at this hyperlink. Also, insider Richard M. Haddrill acquired 10,000 shares of Six Flags Entertainment stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the acquisition, the insider directly owned 230,117 shares in the company, valued at $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 265,000 shares of company stock worth $6,173,850. 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.