Six Flags Entertainment Corporation $FUN Position Increased by Alberta Investment Management Corp

Alberta Investment Management Corp increased its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 51.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 913,000 shares of the company’s stock after buying an additional 312,000 shares during the quarter. Alberta Investment Management Corp owned about 0.90% of Six Flags Entertainment worth $20,743,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FUN. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 valued at $30,000 after acquiring an additional 722 shares during the period. Ameritas Advisory Services LLC bought a new position in Six Flags Entertainment in the 3rd quarter worth about $30,000. Allworth Financial LP increased its stake 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 period. Caldwell Trust Co bought a new stake in shares of Six Flags Entertainment during the second quarter valued at approximately $56,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Six Flags Entertainment during the third quarter worth approximately $59,000. 64.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on FUN. Jefferies Financial Group cut their target price on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 13th. Stifel Nicolaus lowered their price target on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Barclays reduced their price objective on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Guggenheim lowered their target price on shares of Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.86.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $16.34 on Thursday. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $48.80. The company has a current ratio of 0.58, a quick ratio of 0.48 and a debt-to-equity ratio of 8.16. The stock has a market cap of $1.66 billion, a PE ratio of -0.92 and a beta of 0.39. The company’s 50-day moving average price is $16.14 and its two-hundred day moving average price is $19.51.

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.