Landscape Capital Management L.L.C. Purchases Shares of 160,306 Six Flags Entertainment Corporation $FUN

Landscape Capital Management L.L.C. acquired a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,306 shares of the company’s stock, valued at approximately $3,415,000. Landscape Capital Management L.L.C. owned approximately 0.16% of Six Flags Entertainment at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG increased its holdings in shares of Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after buying an additional 4,446,104 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Six Flags Entertainment in the first quarter valued at approximately $2,089,000. Knights of Columbus Asset Advisors LLC raised its stake in shares of Six Flags Entertainment by 106.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company’s stock valued at $1,968,000 after acquiring an additional 66,263 shares during the last quarter. Havemeyer Place LP acquired a new position in shares of Six Flags Entertainment in the 4th quarter worth approximately $1,289,000. Finally, ING Groep NV boosted its holdings in shares of Six Flags Entertainment by 70.7% in the 4th quarter. ING Groep NV now owns 1,046,000 shares of the company’s stock worth $16,046,000 after acquiring an additional 433,100 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

Six Flags Entertainment Price Performance

FUN opened at $16.79 on Friday. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $27.37. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The company’s 50 day simple moving average is $19.11 and its 200-day simple moving average is $18.77. The stock has a market capitalization of $1.72 billion, a P/E ratio of -0.97 and a beta of 0.40.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FUN shares. Citizens Jmp dropped their price target on Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, August 7th. Guggenheim reduced their price objective on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Northcoast Research assumed coverage on Six Flags Entertainment in a research note on Wednesday, July 8th. They issued a “neutral” rating on the stock. Mizuho set a $10.00 target price on Six Flags Entertainment and gave the stock an “underperform” rating in a report on Friday, August 7th. Finally, Truist Financial raised their target price on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.93.

Insider Buying and Selling at Six Flags Entertainment

In other news, Director Rehan Jaffer acquired 125,000 shares of Six Flags Entertainment stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the acquisition, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John T. Reilly acquired 15,713 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the transaction, the chief executive officer directly owned 297,736 shares in the company, valued at approximately $4,704,228.80. The trade was a 5.57% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 265,713 shares of company stock worth $6,135,765. Company insiders own 2.10% of the company’s stock.

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.