Six Flags Entertainment Corporation $FUN Holdings Boosted by Luxor Capital Group LP

Luxor Capital Group LP grew its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 33.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,760,011 shares of the company’s stock after purchasing an additional 440,362 shares during the quarter. Six Flags Entertainment makes up 1.9% of Luxor Capital Group LP’s holdings, making the stock its 8th biggest position. Luxor Capital Group LP’s holdings in Six Flags Entertainment were worth $39,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. JANA Partners Management LP purchased a new position in Six Flags Entertainment in the 3rd quarter valued at about $92,015,000. Rush Island Management LP acquired a new position in shares of Six Flags Entertainment during the second quarter valued at approximately $115,454,000. EdgePoint Investment Group Inc. acquired a new position in shares of Six Flags Entertainment during the third quarter valued at approximately $70,764,000. Land & Buildings Investment Management LLC purchased a new position in shares of Six Flags Entertainment in the third quarter valued at approximately $36,024,000. Finally, Darlington Partners Capital Management LP lifted its position in shares of Six Flags Entertainment by 20.2% in the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after acquiring an additional 1,460,000 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of Six Flags Entertainment stock opened at $16.39 on Tuesday. The business’s 50 day moving average price is $16.85 and its 200 day moving average price is $18.32. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -1.03 and a beta of 0.36. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $39.21.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a research report on Friday, February 20th. Guggenheim decreased their price objective on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Barclays reaffirmed an “overweight” rating and set a $22.00 target price on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Jefferies Financial Group reduced their target price on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Thursday, January 22nd. Seven investment 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.com, the stock has an average rating of “Hold” and a consensus target price of $24.62.

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.