Landscape Capital Management L.L.C. Invests $3.42 Million in Six Flags Entertainment Corporation $FUN

Landscape Capital Management L.L.C. purchased a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN) in the second quarter, HoldingsChannel.com reports. The fund purchased 160,306 shares of the company’s stock, valued at approximately $3,415,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Six Flags Entertainment in the second quarter valued at approximately $339,057,000. UBS Group AG grew its holdings in Six Flags Entertainment by 533.4% during the 4th 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 during the period. Rush Island Management LP acquired a new position in shares of Six Flags Entertainment in the 2nd quarter valued at $115,454,000. Morgan Stanley lifted its stake in shares of Six Flags Entertainment by 62.1% in the 4th quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after purchasing an additional 3,629,445 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Six Flags Entertainment in the 4th quarter worth $36,661,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Six Flags Entertainment news, CEO John T. Reilly bought 15,713 shares of Six Flags Entertainment stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the acquisition, the chief executive officer owned 297,736 shares in the company, valued at approximately $4,704,228.80. The trade was a 5.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer bought 125,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the purchase, the director owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This trade represents a 2.62% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 265,713 shares of company stock valued at $6,135,765. 2.10% of the stock is owned by corporate insiders.

Six Flags Entertainment Stock Performance

Shares of NYSE FUN opened at $16.79 on Friday. The company’s fifty day moving average is $19.11 and its 200-day moving average is $18.77. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -0.97 and a beta of 0.40. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $27.37. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group set a $15.00 price objective on Six Flags Entertainment in a research note on Friday, August 7th. Northcoast Research began coverage on Six Flags Entertainment in a research note on Wednesday, July 8th. They issued a “neutral” rating on the stock. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. UBS Group boosted their target price on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Zacks Research cut Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.93.

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.