Quinn Opportunity Partners LLC Acquires 113,828 Shares of Six Flags Entertainment Corporation $FUN

Quinn Opportunity Partners LLC boosted its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 250.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,328 shares of the company’s stock after buying an additional 113,828 shares during the period. Quinn Opportunity Partners LLC’s holdings in Six Flags Entertainment were worth $4,848,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Six Flags Entertainment by 1,179.0% during the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after acquiring an additional 1,403 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Six Flags Entertainment by 96.5% in the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock worth $55,000 after buying an additional 884 shares in the last quarter. ORG Wealth Partners LLC grew its holdings in shares of Six Flags Entertainment by 45.8% during the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock valued at $102,000 after buying an additional 1,002 shares during the last quarter. Contravisory Investment Management Inc. increased its position in shares of Six Flags Entertainment by 42.5% during the second quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock valued at $175,000 after acquiring an additional 1,717 shares in the last quarter. Finally, Trust Co. of Toledo NA OH lifted its position in Six Flags Entertainment by 9.2% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 7,144 shares of the company’s stock valued at $217,000 after acquiring an additional 600 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FUN has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Monday. Oppenheimer cut their target price on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Citigroup lowered their price target on Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday. Mizuho set a $28.00 target price on Six Flags Entertainment in a report on Tuesday, November 4th. Finally, Barclays lowered their price objective on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.21.

Six Flags Entertainment Trading Down 5.3%

Shares of Six Flags Entertainment stock opened at $15.49 on Wednesday. Six Flags Entertainment Corporation has a fifty-two week low of $14.81 and a fifty-two week high of $49.77. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.42 and a current ratio of 0.52. The company has a market capitalization of $1.57 billion, a P/E ratio of -3.19 and a beta of 0.69. The company has a fifty day moving average of $22.34 and a 200 day moving average of $27.88.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing the consensus estimate of $2.24 by ($14.01). Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm earned $4.21 earnings per share. Six Flags Entertainment’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current fiscal year.

About Six Flags Entertainment

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.