Havemeyer Place LP Buys Shares of 84,039 Six Flags Entertainment Corporation $FUN

Havemeyer Place LP bought a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 84,039 shares of the company’s stock, valued at approximately $1,289,000. Havemeyer Place LP owned 0.08% of Six Flags Entertainment as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FUN. Russell Investments Group Ltd. boosted its stake 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 valued at $86,000 after buying an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Six Flags Entertainment by 2.5% in the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after purchasing an additional 5,775 shares during the last quarter. State Street Corp lifted its stake in shares of 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 purchasing an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after purchasing an additional 465,572 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Insider Activity

In related news, insider Richard M. Haddrill purchased 10,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the transaction, the insider directly owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. The trade was a 4.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marilyn G. Spiegel purchased 2,500 shares of the stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares of the company’s stock, valued at approximately $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 15,000 shares of company stock valued at $286,350 in the last three months. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FUN. Truist Financial lifted their price objective on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Oppenheimer reduced their price objective on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Mizuho lifted their price objective on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.85.

Six Flags Entertainment Stock Up 0.0%

Six Flags Entertainment stock opened at $20.73 on Monday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -1.27 and a beta of 0.38. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $33.63. The firm has a fifty day moving average price of $19.34 and a two-hundred day moving average price of $17.21.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. The company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. As a group, analysts forecast that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Six Flags Entertainment Company 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.