Hsbc Holdings PLC acquired a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 59,828 shares of the company’s stock, valued at approximately $894,000.
Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC grew its stake in shares of Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after purchasing an additional 975 shares during the period. Danske Bank A S purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Six Flags Entertainment in the fourth quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $30,000 after purchasing an additional 722 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Six Flags Entertainment during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Analysts Set New Price Targets
FUN has been the topic of a number of research reports. Barclays upped their price target on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Oppenheimer reduced their price objective on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Citigroup decreased their target price on Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday. Guggenheim lowered their target price on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, Zacks Research cut Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.07.
Six Flags Entertainment Stock Down 1.0%
Shares of NYSE FUN opened at $18.74 on Wednesday. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $33.50. The firm’s 50 day moving average price is $21.14 and its 200 day moving average price is $18.58. The firm has a market cap of $1.92 billion, a P/E ratio of -1.15 and a beta of 0.38. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68.
Six Flags Entertainment (NYSE:FUN – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping the consensus estimate of ($2.71) by $0.06. The firm had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. As a group, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.
Insider Activity
In other Six Flags Entertainment news, Director Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock in a transaction on Monday, June 15th. The shares were purchased at an average cost 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 in the company, valued at approximately $114,709,000. This represents a 2.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard M. Haddrill bought 10,000 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the acquisition, the insider directly owned 230,117 shares in the company, valued at approximately $4,390,632.36. This represents a 4.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 265,000 shares of company stock valued at $6,173,850 in the last three months. Corporate insiders own 2.10% of the company’s stock.
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.
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