Benchstone Capital Management LP Sells 606,469 Shares of Six Flags Entertainment Corporation $FUN

Benchstone Capital Management LP cut its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 64.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 331,957 shares of the company’s stock after selling 606,469 shares during the period. Benchstone Capital Management LP’s holdings in Six Flags Entertainment were worth $10,101,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FUN. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares in the last quarter. Allworth Financial LP increased its position in Six Flags Entertainment by 1,179.0% in the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock worth $46,000 after purchasing an additional 1,403 shares during the last quarter. GAMMA Investing LLC raised its stake in Six Flags Entertainment by 96.5% during the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after purchasing an additional 884 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares during the last quarter. Finally, ORG Wealth Partners LLC lifted its position in Six Flags Entertainment by 45.8% during the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock valued at $102,000 after purchasing an additional 1,002 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FUN shares. Capital One Financial set a $28.00 target price on shares of Six Flags Entertainment in a research report on Tuesday, October 7th. JPMorgan Chase & Co. reduced their price objective on Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 12th. Barclays lowered their price objective on Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Guggenheim dropped their target price on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Oppenheimer decreased their price target on Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Six Flags Entertainment currently has an average rating of “Hold” and an average price target of $28.29.

Six Flags Entertainment Trading Down 1.4%

NYSE FUN opened at $14.91 on Friday. The stock has a market cap of $1.51 billion, a PE ratio of -0.84 and a beta of 0.39. 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 $18.53 and its 200-day moving average price is $24.62. The company has a current ratio of 0.58, a quick ratio of 0.48 and a debt-to-equity ratio of 8.16.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Friday, November 7th. The company reported ($11.77) earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.21 EPS. Equities research analysts forecast that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

About Six Flags Entertainment

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.