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

Vanguard Group Inc. lowered its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,548,762 shares of the company’s stock after selling 518,997 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Six Flags Entertainment worth $146,478,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FUN. CoreCap Advisors LLC grew its holdings in Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after acquiring an additional 975 shares in the last quarter. Danske Bank A S bought a new position in Six Flags Entertainment during the 3rd quarter worth about $27,000. Ameritas Advisory Services LLC bought a new position in Six Flags Entertainment during the 3rd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in 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. Finally, AlphaQuest LLC grew its holdings in Six Flags Entertainment by 303.1% during the 3rd quarter. AlphaQuest LLC now owns 2,838 shares of the company’s stock worth $64,000 after acquiring an additional 2,134 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FUN. Truist Financial increased their target price on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Guggenheim dropped their target price on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Jefferies Financial Group dropped their target price on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings upgraded shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. 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 research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.85.

Six Flags Entertainment Trading Down 8.3%

Shares of NYSE FUN opened at $20.19 on Tuesday. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $2.06 billion, a P/E ratio of -1.24 and a beta of 0.35. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $38.47. The business has a fifty day moving average price of $18.00 and a 200 day moving average price of $17.24.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The firm had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. Equities research analysts expect that Six Flags Entertainment Corporation will post -0.37 EPS for the current fiscal 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.