Rush Island Management LP Sells 253,400 Shares of Six Flags Entertainment Corporation $FUN

Rush Island Management LP lowered its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 21.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 927,829 shares of the company’s stock after selling 253,400 shares during the quarter. Six Flags Entertainment makes up approximately 1.1% of Rush Island Management LP’s holdings, making the stock its 20th biggest position. Rush Island Management LP owned about 0.91% of Six Flags Entertainment worth $16,469,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FUN. CoreCap Advisors LLC boosted its holdings in shares of Six Flags Entertainment by 145.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after buying an additional 975 shares during the last quarter. Atlas Wealth LLC purchased a new stake in Six Flags Entertainment during the first quarter valued at approximately $26,000. Danske Bank A S purchased a new stake in Six Flags Entertainment during the third quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Six Flags Entertainment in the fourth quarter worth approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Six Flags Entertainment by 259.7% in the second 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 during the period. Institutional investors own 64.65% of the company’s stock.

Insider Activity

In related news, Director Marilyn G. Spiegel bought 2,500 shares of the stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the acquisition, the director owned 15,161 shares of the company’s stock, valued at $289,575.10. This represents a 19.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rehan Jaffer bought 125,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $23.41 per share, with a total value 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 265,000 shares of company stock worth $6,173,850 over the last quarter. Insiders own 2.10% of the company’s stock.

Six Flags Entertainment Trading Up 6.0%

Shares of Six Flags Entertainment stock opened at $18.64 on Wednesday. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $31.51. 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 company has a market capitalization of $1.90 billion, a P/E ratio of -1.14 and a beta of 0.38. The company has a fifty day moving average of $20.65 and a 200 day moving average of $18.78.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The business had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $207.49 million. On average, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a research note on Friday, May 8th. Guggenheim decreased their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Friday. Zacks Research downgraded Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Truist Financial boosted their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, Oppenheimer reduced their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment has a consensus rating of “Hold” and a consensus target price of $25.00.

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.