Six Flags Entertainment Corporation (NYSE:FUN – Get Free Report) was up 6.6% during trading on Wednesday . The stock traded as high as $15.12 and last traded at $15.18. 320,951 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,154,236 shares. The stock had previously closed at $14.24.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on FUN shares. Northcoast Research assumed coverage on Six Flags Entertainment in a research report on Wednesday, July 8th. They set a “neutral” rating on the stock. Citizens Jmp cut their price objective on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a research report on Friday, August 7th. UBS Group boosted their price objective on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Barclays lowered their target price on shares of Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Finally, Stifel Nicolaus set a $23.00 price target on shares of Six Flags Entertainment in a report on Friday, August 7th. Seven 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.93.
Read Our Latest Stock Analysis on Six Flags Entertainment
Six Flags Entertainment Stock Up 6.7%
Insider Buying and Selling
In other Six Flags Entertainment news, Director Rehan Jaffer acquired 125,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $23.41 per share, with a total value of $2,926,250.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John T. Reilly bought 15,713 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares in the company, valued at $4,704,228.80. The trade was a 5.57% increase in their position. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders bought 265,713 shares of company stock valued at $6,135,765. Company insiders own 2.10% of the company’s stock.
Institutional Investors Weigh In On Six Flags Entertainment
A number of hedge funds and other institutional investors have recently modified their holdings of FUN. Public Employees Retirement System of Ohio boosted its holdings in Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the period. Russell Investments Group Ltd. lifted its position in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 valued at $30,000 after purchasing an additional 722 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Six Flags Entertainment by 26.3% during the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock valued at $82,000 after purchasing an additional 748 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in shares of Six Flags Entertainment by 10.6% in the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock worth $283,000 after purchasing an additional 888 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.
Six Flags Entertainment Company 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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