Thrivent Financial for Lutherans Has $8.22 Million Stake in Six Flags Entertainment Corporation $FUN

Thrivent Financial for Lutherans lessened its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 75.2% during the third quarter, HoldingsChannel.com reports. The firm owned 361,992 shares of the company’s stock after selling 1,095,219 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Six Flags Entertainment were worth $8,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Maryland State Retirement & Pension System increased its stake in Six Flags Entertainment by 1.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 27,632 shares of the company’s stock worth $841,000 after acquiring an additional 399 shares during the period. Ameritas Investment Partners Inc. raised its stake in Six Flags Entertainment by 4.4% in the second quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock valued at $298,000 after purchasing an additional 413 shares in the last quarter. Yousif Capital Management LLC lifted its position in Six Flags Entertainment by 1.2% during the second quarter. Yousif Capital Management LLC now owns 35,141 shares of the company’s stock worth $1,069,000 after purchasing an additional 433 shares during the period. Nisa Investment Advisors LLC grew its stake in Six Flags Entertainment by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock worth $103,000 after buying an additional 442 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Six Flags Entertainment by 5.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock valued at $287,000 after buying an additional 484 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment Stock Down 6.8%

NYSE:FUN opened at $17.31 on Friday. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $48.80. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. The company has a market cap of $1.76 billion, a PE ratio of -0.98 and a beta of 0.39. The firm’s 50 day simple moving average is $15.79 and its 200 day simple moving average is $20.47.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group lowered their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 13th. Guggenheim dropped their price objective on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. JPMorgan Chase & Co. decreased their target price on Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 12th. Truist Financial set a $23.00 target price on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Morgan Stanley set a $17.00 price target on shares of Six Flags Entertainment in a report on Thursday, December 18th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.14.

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.