Thrivent Financial for Lutherans Increases Stock Holdings in Six Flags Entertainment Corporation $FUN

Thrivent Financial for Lutherans lifted its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 9.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,457,211 shares of the company’s stock after buying an additional 123,944 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Six Flags Entertainment were worth $44,343,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in Six Flags Entertainment by 259.7% during 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 last quarter. Allworth Financial LP grew its position in shares of Six Flags Entertainment by 1,179.0% in the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after purchasing an additional 1,403 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Six Flags Entertainment by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock worth $55,000 after purchasing an additional 884 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Six Flags Entertainment by 26.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after purchasing an additional 586 shares during the last quarter. Finally, ORG Wealth Partners LLC lifted its stake in Six Flags Entertainment by 45.8% in the 2nd quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock valued at $102,000 after buying an additional 1,002 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FUN has been the subject of several recent research reports. Barclays dropped their price target on Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. The Goldman Sachs Group cut their target price on shares of Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Mizuho decreased their price target on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price target (down from $30.00) on shares of Six Flags Entertainment in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 12th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.29.

Six Flags Entertainment Price Performance

FUN opened at $14.67 on Tuesday. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $49.77. The company’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $24.34. The stock has a market capitalization of $1.49 billion, a PE ratio of -0.83 and a beta of 0.39. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Friday, November 7th. The company reported ($11.77) earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.21 EPS. As a group, sell-side analysts expect that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

Six Flags Entertainment Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.