Boothbay Fund Management LLC Raises Holdings in Six Flags Entertainment Corporation $FUN

Boothbay Fund Management LLC lifted its position in Six Flags Entertainment Corporation (NYSE:FUN) by 672.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 279,039 shares of the company’s stock after purchasing an additional 242,910 shares during the quarter. Boothbay Fund Management LLC’s holdings in Six Flags Entertainment were worth $8,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FUN. Balyasny Asset Management L.P. purchased a new position in Six Flags Entertainment during the 2nd quarter valued at approximately $15,270,000. AYAL Capital Advisors Ltd boosted its position in shares of Six Flags Entertainment by 31.3% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 210,000 shares of the company’s stock valued at $6,390,000 after acquiring an additional 50,000 shares during the last quarter. Kent Lake PR LLC purchased a new position in shares of Six Flags Entertainment in the second quarter valued at $3,043,000. Darlington Partners Capital Management LP increased its position in Six Flags Entertainment by 20.2% in the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock worth $264,741,000 after purchasing an additional 1,460,000 shares during the last quarter. Finally, Luxor Capital Group LP raised its stake in Six Flags Entertainment by 62.8% during the second quarter. Luxor Capital Group LP now owns 1,319,649 shares of the company’s stock valued at $40,157,000 after purchasing an additional 509,300 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FUN. Oppenheimer dropped their price objective on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Stifel Nicolaus dropped their price target on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Guggenheim reduced their price objective on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Citigroup lowered their price objective on Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Capital One Financial set a $28.00 target price on Six Flags Entertainment in a research report on Tuesday, October 7th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $28.29.

Six Flags Entertainment Stock Down 1.4%

Shares of NYSE:FUN opened at $14.91 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of -0.84 and a beta of 0.39. The business has a 50 day simple moving average of $18.53 and a two-hundred day simple moving average of $24.62. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $49.77. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48.

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 analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $4.21 earnings per share. Six Flags Entertainment’s revenue was down 2.3% on a year-over-year basis. On average, equities analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS 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.