GAMMA Investing LLC Increases Stock Position in Six Flags Entertainment Corporation $FUN

GAMMA Investing LLC lifted its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 96.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,800 shares of the company’s stock after buying an additional 884 shares during the period. GAMMA Investing LLC’s holdings in Six Flags Entertainment were worth $55,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Balefire LLC increased its position in Six Flags Entertainment by 73.7% during the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock worth $2,786,000 after purchasing an additional 38,832 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in Six Flags Entertainment by 7.5% during the 1st 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 in the last quarter. Veracity Capital LLC boosted its stake in Six Flags Entertainment by 20.0% during the 2nd quarter. Veracity Capital LLC now owns 25,282 shares of the company’s stock valued at $769,000 after acquiring an additional 4,214 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in Six Flags Entertainment by 42.5% during the 2nd 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Six Flags Entertainment by 5.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock valued at $287,000 after acquiring an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FUN shares. Wall Street Zen downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. Truist Financial downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research report on Wednesday, September 3rd. Oppenheimer lowered their price objective on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Barclays lowered their price objective on shares of Six Flags Entertainment from $40.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. 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 on the stock in a research report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.69.

Six Flags Entertainment Stock Performance

FUN stock opened at $23.94 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. The firm has a 50 day moving average of $24.77 and a two-hundred day moving average of $30.32. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -4.94 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.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.53). The firm had revenue of $930.39 million for the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 62.8% on a year-over-year basis. As a group, equities analysts anticipate that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal 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.