Six Flags Entertainment Corporation $FUN Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its position in Six Flags Entertainment Corporation (NYSE:FUN) by 16.1% in the 2nd quarter, Holdings Channel reports. The fund owned 60,769 shares of the company’s stock after acquiring an additional 8,443 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Six Flags Entertainment were worth $1,849,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FUN. Peregrine Capital Management LLC lifted its stake in shares of Six Flags Entertainment by 7.5% in the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company’s stock valued at $4,691,000 after purchasing an additional 9,231 shares during the period. Veracity Capital LLC lifted its stake in shares of Six Flags Entertainment by 20.0% in the second quarter. Veracity Capital LLC now owns 25,282 shares of the company’s stock valued at $769,000 after purchasing an additional 4,214 shares during the period. Balefire LLC lifted its stake in shares of Six Flags Entertainment by 73.7% in the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock valued at $2,786,000 after purchasing an additional 38,832 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Six Flags Entertainment by 5.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock valued at $287,000 after purchasing an additional 484 shares during the period. Finally, Contravisory Investment Management Inc. lifted its stake in shares of Six Flags Entertainment by 42.5% in the second quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock valued at $175,000 after purchasing an additional 1,717 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Six Flags Entertainment from $50.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, July 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Saturday, September 27th. Barclays reduced their price objective on shares of Six Flags Entertainment from $40.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Six Flags Entertainment from $33.00 to $24.00 and set an “underweight” rating for the company in a report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $34.69.

Six Flags Entertainment Stock Performance

Shares of NYSE FUN opened at $22.35 on Tuesday. The company has a market cap of $2.26 billion, a PE ratio of -4.61 and a beta of 0.71. Six Flags Entertainment Corporation has a 12 month low of $20.79 and a 12 month high of $49.77. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42. The company has a 50-day simple moving average of $24.59 and a 200-day simple moving average of $30.12.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). The firm had revenue of $930.39 million for the quarter, compared to analysts’ expectations of $999.82 million. Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The company’s revenue was up 62.8% compared to the same quarter last year. On average, equities analysts anticipate that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.