Universal Beteiligungs und Servicegesellschaft mbH Purchases New Holdings in Six Flags Entertainment Corporation $FUN

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Six Flags Entertainment Corporation (NYSE:FUN) in the 2nd quarter, HoldingsChannel reports. The fund acquired 7,310 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at about $18,288,000. Aurora Investment Counsel increased its holdings in shares of Six Flags Entertainment by 114.8% during the 2nd quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock worth $1,025,000 after acquiring an additional 17,995 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Six Flags Entertainment during the 2nd quarter valued at $656,000. Envestnet Asset Management Inc. lifted its holdings in Six Flags Entertainment by 56.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 61,081 shares of the company’s stock valued at $1,859,000 after purchasing an additional 22,054 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Six Flags Entertainment by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,208,815 shares of the company’s stock worth $67,222,000 after purchasing an additional 52,337 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 12th. Citigroup lowered their price target on shares of Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. UBS Group restated a “buy” rating on shares of Six Flags Entertainment in a research report on Friday, November 21st. Mizuho decreased their target price on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group dropped their price target 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 investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.57.

Six Flags Entertainment Stock Performance

Shares of NYSE:FUN opened at $15.11 on Friday. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $49.77. The company’s 50 day moving average price is $20.00 and its two-hundred day moving average price is $26.00. The firm has a market cap of $1.53 billion, a PE ratio of -3.12 and a beta of 0.69. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Friday, November 7th. The company reported ($11.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($14.01). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.21 earnings per share. Equities research analysts predict that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

Six Flags Entertainment Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.