Seven Six Capital Management LLC Sells 33,600 Shares of Six Flags Entertainment Corporation $FUN

Seven Six Capital Management LLC reduced its position in Six Flags Entertainment Corporation (NYSE:FUN) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,347 shares of the company’s stock after selling 33,600 shares during the quarter. Six Flags Entertainment makes up about 1.5% of Seven Six Capital Management LLC’s portfolio, making the stock its 23rd largest position. Seven Six Capital Management LLC’s holdings in Six Flags Entertainment were worth $1,463,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. UBS Group AG boosted its stake in Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after acquiring an additional 4,446,104 shares in the last quarter. JANA Partners Management LP bought a new position in Six Flags Entertainment during the third quarter worth $92,015,000. Quantbot Technologies LP boosted its stake in Six Flags Entertainment by 190.5% during the third quarter. Quantbot Technologies LP now owns 230,120 shares of the company’s stock worth $5,228,000 after acquiring an additional 150,913 shares in the last quarter. Channing Capital Management LLC boosted its stake in Six Flags Entertainment by 75.2% during the third quarter. Channing Capital Management LLC now owns 374,874 shares of the company’s stock worth $8,517,000 after acquiring an additional 160,931 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new position in Six Flags Entertainment during the third quarter worth $23,499,000. 64.65% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Marilyn G. Spiegel bought 2,500 shares of the stock in a transaction dated 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 acquisition, the director directly owned 15,161 shares in the company, valued at approximately $289,575.10. This trade represents a 19.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard M. Haddrill bought 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $19.08 per share, with a total value of $190,800.00. Following the acquisition, the insider owned 230,117 shares of the company’s stock, valued at $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 265,000 shares of company stock worth $6,173,850 over the last quarter. Insiders own 2.10% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $24.30 on Wednesday. The firm has a 50-day moving average of $20.19 and a 200-day moving average of $17.66. The company has a market cap of $2.48 billion, a P/E ratio of -1.49 and a beta of 0.39. 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 one year low of $12.51 and a one year high of $33.50.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Morgan Stanley set a $18.00 price objective on shares of Six Flags Entertainment in a report on Friday, February 20th. Truist Financial upped their price objective on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Citigroup lifted their price target on Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Oppenheimer cut their price target on 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. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.15.

Six Flags Entertainment 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.