Jupiter Topco LLC Buys New Position in Six Flags Entertainment Corporation $FUN

Jupiter Topco LLC bought a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) in the second quarter, Holdings Channel.com reports. The fund bought 485,694 shares of the company’s stock, valued at approximately $10,348,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlas Wealth LLC acquired a new position in shares of Six Flags Entertainment in the 1st quarter worth approximately $26,000. Danske Bank A S acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $27,000. Northwestern Mutual Wealth Management Co. increased its position 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 worth $30,000 after buying an additional 722 shares during the period. Allworth Financial LP bought a new position in Six Flags Entertainment during the second quarter worth $35,000. Finally, Public Employees Retirement System of Ohio raised its stake in Six Flags Entertainment by 36.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after buying an additional 539 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Insider Activity at Six Flags Entertainment

In other news, Director Rehan Jaffer acquired 125,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the acquisition, the director directly owned 4,900,000 shares in the company, valued at $114,709,000. The trade was a 2.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John T. Reilly acquired 15,713 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders acquired 265,713 shares of company stock worth $6,135,765. Corporate insiders own 2.10% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $16.28 on Friday. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a 50-day moving average of $18.30 and a 200-day moving average of $18.71. The company has a market cap of $1.67 billion, a PE ratio of -0.94 and a beta of 0.40. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $27.37.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FUN. Citizens Jmp decreased their price target on Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, August 7th. UBS Group upped their target price on Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. The Goldman Sachs Group set a $15.00 target price on Six Flags Entertainment in a research report on Friday, August 7th. Oppenheimer decreased their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, Mizuho set a $10.00 target price on Six Flags Entertainment and gave the stock an “underperform” rating in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus price target of $21.93.

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.