SG Americas Securities LLC Lowers Position in Six Flags Entertainment Corporation $FUN

SG Americas Securities LLC decreased its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 80.0% during the first quarter, Holdings Channel.com reports. The firm owned 7,916 shares of the company’s stock after selling 31,740 shares during the period. SG Americas Securities LLC’s holdings in Six Flags Entertainment were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after purchasing an additional 4,446,104 shares during the period. JANA Partners Management LP acquired a new stake in Six Flags Entertainment during the third quarter valued at $92,015,000. Rush Island Management LP purchased a new position in Six Flags Entertainment in the second quarter valued at $115,454,000. Morgan Stanley increased its holdings in Six Flags Entertainment by 62.1% in the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after buying an additional 3,629,445 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in shares of Six Flags Entertainment in the third quarter worth about $70,764,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FUN. Truist Financial increased their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Barclays lifted their price target on Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. The Goldman Sachs Group upped their price target on Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings downgraded Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Finally, Citigroup dropped their price objective on Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.07.

Six Flags Entertainment Trading Down 0.2%

FUN stock opened at $19.42 on Monday. 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 $33.50. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -1.19 and a beta of 0.38. The business’s 50-day moving average is $21.12 and its 200 day moving average is $18.51.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The company had revenue of $225.63 million during the quarter, compared to analyst estimates of $207.49 million. On average, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.28 EPS for the current fiscal year.

Insider Transactions at Six Flags Entertainment

In other news, Director Marilyn G. Spiegel purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the transaction, the director owned 15,161 shares of the company’s stock, valued at $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard M. Haddrill acquired 10,000 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $19.08 per share, with a total value of $190,800.00. Following the completion of the purchase, the insider owned 230,117 shares in the company, valued at $4,390,632.36. The trade was a 4.54% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 265,000 shares of company stock valued at $6,173,850 over the last ninety days. 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.