First Trust Advisors LP Takes $1.41 Million Position in Six Flags Entertainment Corporation $FUN

First Trust Advisors LP bought a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 79,538 shares of the company’s stock, valued at approximately $1,412,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. UBS Group AG lifted its holdings in Six Flags Entertainment by 533.4% in the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after purchasing an additional 4,446,104 shares during the period. Lee Danner & Bass Inc. acquired a new position in Six Flags Entertainment during the 1st quarter valued at about $2,089,000. Havemeyer Place LP bought a new stake in shares of Six Flags Entertainment during the 4th quarter worth about $1,289,000. Knights of Columbus Asset Advisors LLC raised its position in shares of Six Flags Entertainment by 106.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company’s stock worth $1,968,000 after buying an additional 66,263 shares in the last quarter. Finally, ING Groep NV lifted its position in Six Flags Entertainment by 70.7% in the fourth quarter. ING Groep NV now owns 1,046,000 shares of the company’s stock worth $16,046,000 after purchasing an additional 433,100 shares during the period. Institutional investors own 64.65% of the company’s stock.

Key Headlines Impacting Six Flags Entertainment

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

• Positive Sentiment: Analyst maintains bullish outlook: Citizens JMP lowered its price target from $29 to $24 but retained a “market outperform” rating, implying substantial upside from recent levels. Benzinga report
• Positive Sentiment: Management outlines margin and deleveraging goals: Six Flags is targeting adjusted EBITDA margins in the mid-30% range over time while reducing leverage toward approximately 4x. Progress on these objectives could improve cash flow and balance-sheet concerns. Seeking Alpha report
• Positive Sentiment: Season-pass sales launched: The company began selling 2027 passes at its lowest advertised price for this season and next, offering unlimited visits, parking and other benefits. The promotion could support advance bookings, attendance visibility and recurring revenue. Season-pass sales announcement
• Neutral Sentiment: New 2027 attraction announced: Six Flags Great America plans to open Camp Timber Trail, a family-focused area with nine attractions, including a new suspended family coaster. The project may strengthen the park’s long-term appeal, although financial benefits are not immediate. Camp Timber Trail announcement
• Negative Sentiment: Second-quarter results missed expectations: Six Flags reported adjusted EPS of $0.14 versus the $0.37 consensus estimate, while revenue of $864.9 million fell short of the $928.4 million forecast. The earnings miss and negative net margin remain the primary pressure points for FUN. Second-quarter results

Insiders Place Their Bets

In other Six Flags Entertainment news, Director Rehan Jaffer acquired 125,000 shares of Six Flags Entertainment stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the purchase, the director owned 4,900,000 shares in the company, valued at approximately $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marilyn G. Spiegel bought 2,500 shares of Six Flags Entertainment stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the acquisition, the director owned 15,161 shares in the company, valued at approximately $289,575.10. The trade was a 19.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 265,000 shares of company stock valued at $6,173,850 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $16.39 on Monday. The company has a market capitalization of $1.67 billion, a PE ratio of -0.95 and a beta of 0.41. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. The company’s 50 day moving average price is $20.23 and its 200 day moving average price is $18.86. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $27.37.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. The firm had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. Research analysts expect that Six Flags Entertainment Corporation will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FUN shares. Truist Financial boosted their price target on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a report on Friday, May 8th. Guggenheim cut their target price on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Citigroup restated a “neutral” rating on shares of Six Flags Entertainment in a report on Friday. Finally, Oppenheimer decreased their price target on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.21.

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.