Six Flags Entertainment Corporation $FUN Shares Bought by Cove Street Capital LLC

Cove Street Capital LLC lifted its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 1,711.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 204,414 shares of the company’s stock after acquiring an additional 193,129 shares during the period. Six Flags Entertainment accounts for approximately 6.1% of Cove Street Capital LLC’s portfolio, making the stock its 3rd biggest holding. Cove Street Capital LLC owned 0.20% of Six Flags Entertainment worth $4,644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUN. Vanguard Group Inc. grew its holdings in shares of Six Flags Entertainment by 0.5% during the third quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock worth $228,739,000 after buying an additional 53,111 shares in the last quarter. Darlington Partners Capital Management LP grew its stake in Six Flags Entertainment by 20.2% in the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock worth $264,741,000 after acquiring an additional 1,460,000 shares during the period. Dendur Capital LP grew its stake in Six Flags Entertainment by 41.1% in the 2nd quarter. Dendur Capital LP now owns 4,433,500 shares of the company’s stock worth $134,911,000 after acquiring an additional 1,292,500 shares during the period. Rush Island Management LP acquired a new position in Six Flags Entertainment in the 2nd quarter valued at $115,454,000. Finally, State Street Corp raised its holdings in Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after acquiring an additional 27,848 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Trending Headlines about Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Official strategic partnership with Travis Kelce—company announced a multi-faceted brand ambassadorship expected to drive awareness, promotional activations and likely short-term attendance/merchandising boosts across major parks. Six Flags Announces Strategic Partnership With NFL Legend Travis Kelce
• Neutral Sentiment: Market and media check: analysts and outlets are re‑pricing FUN after the announcement and publishing valuation takes — these pieces frame the partnership as a potential catalyst but stop short of changing long-term fundamental forecasts. Six Flags Entertainment (FUN) Valuation Check After Travis Kelce Brand Partnership Announcement
• Neutral Sentiment: Widespread press coverage highlights Kelce’s role will span multiple parks (including Cedar Point, Darien Lake, Carowinds), amplifying national reach but leaving questions about measurable, sustained revenue impact. Travis Kelce named brand ambassador for Six Flags, including Darien Lake
• Negative Sentiment: Balance-sheet concerns remain prominent: analysis points to high leverage and reliance on asset sales/operational improvements — issues that could limit upside from marketing initiatives if cash flow and debt reduction aren’t visible. Six Flags: Starting Its Cedar-Fication, But Debt Knocks The Door
• Negative Sentiment: Recent fundamentals are still weak: Six Flags missed on the most recent quarter (EPS miss, shrinking revenue and a negative net margin), which keeps the company vulnerable if the partnership doesn’t translate quickly into higher attendance or pricing power.

Six Flags Entertainment Price Performance

FUN opened at $16.00 on Friday. The company has a 50 day moving average of $16.82 and a two-hundred day moving average of $18.45. Six Flags Entertainment Corporation has a 52-week low of $12.51 and a 52-week high of $39.21. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40. The company has a market cap of $1.62 billion, a P/E ratio of -1.01 and a beta of 0.36.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.60). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The business had revenue of $650.09 million for the quarter, compared to analyst estimates of $602.68 million. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts expect that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. Mizuho lifted their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Citigroup cut shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $20.00 in a research note on Thursday, February 5th. 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 report on Tuesday, January 13th. Finally, Barclays reiterated an “overweight” rating and issued a $22.00 target price on shares of Six Flags Entertainment in a report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.62.

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.