Silver Point Capital L.P. Buys Shares of 130,000 Six Flags Entertainment Corporation $FUN

Silver Point Capital L.P. bought a new stake in Six Flags Entertainment Corporation (NYSE:FUN – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 130,000 shares of the company’s stock, valued at approximately $2,769,000. Six Flags Entertainment accounts for approximately 0.0% of Silver Point Capital L.P.’s portfolio, making the stock its 10th biggest holding. Silver Point Capital L.P. owned 0.13% of Six Flags Entertainment as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FUN. Atlas Wealth LLC acquired a new position in Six Flags Entertainment in the first quarter worth approximately $26,000. Danske Bank A S acquired a new stake in Six Flags Entertainment during the 3rd quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Six Flags Entertainment during the 4th quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its position in Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in Six Flags Entertainment during the second quarter valued at $35,000. 64.65% of the stock is owned by institutional investors.

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Insider Activity at Six Flags Entertainment

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

Six Flags Entertainment Stock Performance

NYSE FUN traded up $0.32 on Friday, hitting $16.28. 1,645,102 shares of the company’s stock were exchanged, compared to its average volume of 2,162,394. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $27.37. The firm’s 50-day moving average price is $18.47 and its two-hundred day moving average price is $18.72. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -0.94 and a beta of 0.40. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36.

Wall Street Analyst Weigh In

FUN has been the subject of a number of recent research reports. Truist Financial boosted their target price 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. Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Barclays lowered their price target on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Six Flags Entertainment in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. cut their price target on Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.93.

Check Out Our Latest Report on Six Flags Entertainment

About Six Flags Entertainment

(Free Report)

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.

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