WINTON GROUP Ltd Acquires 45,158 Shares of Six Flags Entertainment Corporation $FUN

WINTON GROUP Ltd boosted its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 22.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 241,990 shares of the company’s stock after purchasing an additional 45,158 shares during the period. WINTON GROUP Ltd owned 0.24% of Six Flags Entertainment worth $5,154,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares during the last quarter. Danske Bank A S bought a new stake in shares of Six Flags Entertainment in the third quarter valued at about $27,000. Atlas Wealth LLC bought a new stake in Six Flags Entertainment in the 1st quarter valued at about $26,000. Integrated Wealth Concepts LLC acquired a new stake in Six Flags Entertainment during the second quarter worth approximately $31,000. Finally, Allworth Financial LP acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Analysts Set New Price Targets

FUN has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Mizuho set a $10.00 price objective on shares of Six Flags Entertainment and gave the stock an “underperform” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. UBS Group raised their price objective on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Guggenheim lowered their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.50.

Six Flags Entertainment Price Performance

FUN stock opened at $13.69 on Friday. The company’s 50-day moving average is $17.07 and its 200-day moving average is $18.59. The stock has a market capitalization of $1.40 billion, a PE ratio of -0.79 and a beta of 0.38. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $27.37.

Insiders Place Their Bets

In related news, CEO John T. Reilly purchased 15,713 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the purchase, the chief executive officer owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer bought 125,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the transaction, the director owned 4,900,000 shares of the company’s stock, valued at $114,709,000. The trade was a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is owned by company insiders.

Six Flags Entertainment 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.