Six Flags Entertainment Corporation $FUN Stock Holdings Lessened by ING Groep NV

ING Groep NV cut its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 5.4% during the third quarter, HoldingsChannel.com reports. The firm owned 612,900 shares of the company’s stock after selling 34,800 shares during the period. ING Groep NV’s holdings in Six Flags Entertainment were worth $13,925,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FUN. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares during the period. Allworth Financial LP raised its holdings in shares of Six Flags Entertainment by 1,179.0% during the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock worth $46,000 after acquiring an additional 1,403 shares in the last quarter. Caldwell Trust Co acquired a new stake in Six Flags Entertainment during the second quarter valued at $56,000. Sound Income Strategies LLC purchased a new position in Six Flags Entertainment in the third quarter valued at about $59,000. Finally, AlphaQuest LLC increased its position in Six Flags Entertainment by 303.1% in the 3rd quarter. AlphaQuest LLC now owns 2,838 shares of the company’s stock worth $64,000 after purchasing an additional 2,134 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Price Performance

NYSE:FUN opened at $18.04 on Thursday. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $48.80. The company has a fifty day moving average price of $16.05 and a 200 day moving average price of $20.02. The stock has a market cap of $1.83 billion, a P/E ratio of -1.02 and a beta of 0.39.

Analyst Ratings Changes

Several equities analysts recently weighed in on FUN shares. Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Stifel Nicolaus dropped their price target on shares of Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Morgan Stanley set a $17.00 price objective on shares of Six Flags Entertainment in a research note on Thursday, December 18th. Mizuho lowered their target price on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Finally, Guggenheim reduced their price target 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. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.14.

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.