Stratos Wealth Partners LTD. Acquires 710 Shares of Six Flags Entertainment Corporation $FUN

Stratos Wealth Partners LTD. boosted its position in Six Flags Entertainment Corporation (NYSE:FUN) by 4.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,477 shares of the company’s stock after purchasing an additional 710 shares during the period. Stratos Wealth Partners LTD.’s holdings in Six Flags Entertainment were worth $471,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Balefire LLC grew its position in Six Flags Entertainment by 73.7% in the 2nd quarter. Balefire LLC now owns 91,556 shares of the company’s stock worth $2,786,000 after purchasing an additional 38,832 shares in the last quarter. Peregrine Capital Management LLC grew its position in Six Flags Entertainment by 7.5% in the 1st quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company’s stock worth $4,691,000 after purchasing an additional 9,231 shares in the last quarter. Trust Co. of Toledo NA OH grew its position in Six Flags Entertainment by 9.2% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 7,144 shares of the company’s stock worth $217,000 after purchasing an additional 600 shares in the last quarter. State of Alaska Department of Revenue grew its position in Six Flags Entertainment by 8.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company’s stock worth $1,701,000 after purchasing an additional 4,251 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Six Flags Entertainment by 5.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock worth $287,000 after purchasing an additional 484 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FUN. Capital One Financial set a $28.00 price objective on shares of Six Flags Entertainment in a research report on Tuesday, October 7th. The Goldman Sachs Group reduced their price objective on shares of Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Oppenheimer dropped their target price on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. JPMorgan Chase & Co. dropped their target price on shares of Six Flags Entertainment from $33.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, August 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $34.21.

Six Flags Entertainment Stock Up 1.4%

FUN opened at $24.90 on Friday. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of -5.13 and a beta of 0.71. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. The company’s 50-day moving average price is $23.14 and its two-hundred day moving average price is $28.99. Six Flags Entertainment Corporation has a twelve month low of $20.00 and a twelve month high of $49.77.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). The business had revenue of $930.39 million for the quarter, compared to analysts’ expectations of $999.82 million. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The business’s quarterly revenue was up 62.8% on a year-over-year basis. As a group, equities analysts expect 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.