Healthcare of Ontario Pension Plan Trust Fund Has $18.10 Million Stock Holdings in Six Flags Entertainment Corporation $FUN

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Six Flags Entertainment Corporation (NYSE:FUN) by 57.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,019,700 shares of the company’s stock after selling 1,370,205 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Six Flags Entertainment were worth $18,100,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in Six Flags Entertainment by 36.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after purchasing an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 in the last quarter. CIBC Private Wealth Group LLC increased its stake in Six Flags Entertainment by 26.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock valued at $82,000 after purchasing an additional 748 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Six Flags Entertainment by 10.6% during the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock valued at $283,000 after purchasing an additional 888 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Insider Activity

In other Six Flags Entertainment news, insider Richard M. Haddrill bought 10,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $19.08 per share, with a total value of $190,800.00. Following the acquisition, the insider directly owned 230,117 shares of the company’s stock, valued at $4,390,632.36. The trade was a 4.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rehan Jaffer acquired 125,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the purchase, the director owned 4,900,000 shares in the company, valued at $114,709,000. This trade represents a 2.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 265,000 shares of company stock valued at $6,173,850 over the last quarter. Company insiders own 2.10% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $17.63 on Tuesday. The stock has a 50 day moving average of $20.67 and a 200 day moving average of $18.76. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -1.08 and a beta of 0.38. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $31.99. 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 (NYSE:FUN) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. The company had revenue of $225.63 million during the quarter, compared to analyst estimates of $207.49 million. As a group, sell-side analysts forecast that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FUN. Citigroup cut their price target on Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Truist Financial boosted their price objective on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 12th. Barclays increased their target price on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. The Goldman Sachs Group boosted their price target on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00.

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.