Six Flags Entertainment (NYSE:FUN) Director Marilyn Spiegel Purchases 2,500 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Marilyn Spiegel bought 2,500 shares of Six Flags Entertainment stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the acquisition, the director directly owned 15,161 shares in the company, valued at $289,575.10. This represents a 19.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Six Flags Entertainment Stock Up 1.1%

Shares of FUN opened at $20.05 on Wednesday. The company has a market capitalization of $2.05 billion, a P/E ratio of -1.23 and a beta of 0.35. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $35.65. The business’s 50 day simple moving average is $18.75 and its 200-day simple moving average is $16.94.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping the consensus estimate of ($2.71) by $0.06. The business 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%. As a group, sell-side analysts predict that Six Flags Entertainment Corporation will post -0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FUN shares. 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, May 8th. Zacks Research raised Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Weiss Ratings downgraded Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Citigroup upped their price objective on Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Friday, May 8th. One research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.85.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kanen Wealth Management LLC acquired a new position in shares of Six Flags Entertainment in the 1st quarter valued at $15,063,000. California State Teachers Retirement System lifted its stake in shares of Six Flags Entertainment by 29.0% in the 1st quarter. California State Teachers Retirement System now owns 118,782 shares of the company’s stock valued at $2,108,000 after purchasing an additional 26,697 shares during the period. Royal Bank of Canada lifted its stake in shares of Six Flags Entertainment by 13.5% in the 1st quarter. Royal Bank of Canada now owns 86,303 shares of the company’s stock valued at $1,533,000 after purchasing an additional 10,294 shares during the period. Saba Capital Management L.P. lifted its stake in shares of Six Flags Entertainment by 12.5% in the 1st quarter. Saba Capital Management L.P. now owns 112,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 12,500 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

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.