Land & Buildings Investment Management LLC Makes New Investment in Six Flags Entertainment Corporation $FUN

Land & Buildings Investment Management LLC bought a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,585,580 shares of the company’s stock, valued at approximately $36,024,000. Six Flags Entertainment makes up approximately 6.6% of Land & Buildings Investment Management LLC’s investment portfolio, making the stock its 5th largest position. Land & Buildings Investment Management LLC owned about 1.56% of Six Flags Entertainment as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in FUN. Invenomic Capital Management LP purchased a new position in shares of Six Flags Entertainment during the third quarter valued at $23,499,000. JANA Partners Management LP purchased a new stake in Six Flags Entertainment in the third quarter worth about $92,015,000. EdgePoint Investment Group Inc. bought a new position in Six Flags Entertainment during the 3rd quarter worth about $70,764,000. Brevan Howard Capital Management LP purchased a new position in Six Flags Entertainment during the 3rd quarter valued at about $426,000. Finally, Capitolis Liquid Global Markets LLC purchased a new position in Six Flags Entertainment during the 3rd quarter valued at about $8,431,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Trading Up 2.5%

NYSE FUN opened at $16.39 on Tuesday. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $39.21. The company has a 50 day moving average price of $16.85 and a 200 day moving average price of $18.32. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40. The firm has a market cap of $1.66 billion, a PE ratio of -1.03 and a beta of 0.36.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.60). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The firm had revenue of $650.09 million during the quarter, compared to analyst estimates of $602.68 million. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FUN has been the subject of several research reports. Truist Financial set a $23.00 price target on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Morgan Stanley set a $18.00 price objective on shares of Six Flags Entertainment in a research note on Friday, February 20th. Citigroup lowered Six Flags Entertainment from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $20.00 in a report on Thursday, February 5th. Finally, Mizuho increased their target price on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.62.

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.