Vanguard Group Inc. Sells 518,997 Shares of Six Flags Entertainment Corporation $FUN

Vanguard Group Inc. lessened its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,548,762 shares of the company’s stock after selling 518,997 shares during the quarter. Vanguard Group Inc. owned about 9.41% of Six Flags Entertainment worth $146,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Darlington Partners Capital Management LP raised its stake in Six Flags Entertainment by 20.2% during the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after purchasing an additional 1,460,000 shares during the period. JANA Partners Management LP bought a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $92,015,000. Rush Island Management LP bought a new stake in Six Flags Entertainment during the 2nd quarter valued at approximately $115,454,000. State Street Corp raised its stake in Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after purchasing an additional 27,848 shares during the period. Finally, EdgePoint Investment Group Inc. bought a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $70,764,000. Institutional investors own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FUN shares. Guggenheim decreased their target price on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Oppenheimer decreased their price objective on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Mizuho upped their price objective on Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Truist Financial upped their price objective on Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Finally, Barclays upped their price objective on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.85.

Six Flags Entertainment Stock Performance

NYSE FUN opened at $20.19 on Tuesday. The company has a market cap of $2.06 billion, a P/E ratio of -1.24 and a beta of 0.35. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. The business’s 50 day moving average price is $18.00 and its 200-day moving average price is $17.24. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $38.47.

Six Flags Entertainment (NYSE:FUN) last released its 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. The firm had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. Sell-side analysts predict that Six Flags Entertainment Corporation will post -0.37 earnings per share for the current year.

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.