Six Flags Entertainment Corporation $FUN Position Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 8.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,925 shares of the company’s stock after buying an additional 4,251 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Six Flags Entertainment worth $1,701,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Castleview Partners LLC bought a new stake in Six Flags Entertainment during the second quarter worth approximately $239,000. GAMMA Investing LLC boosted its holdings in Six Flags Entertainment by 96.5% during 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. Wedge Capital Management L L P NC boosted its holdings in Six Flags Entertainment by 0.9% during the second quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company’s stock worth $1,198,000 after buying an additional 335 shares in the last quarter. Contravisory Investment Management Inc. boosted its holdings in Six Flags Entertainment by 42.5% during the second quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock worth $175,000 after buying an additional 1,717 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Six Flags Entertainment by 5.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock worth $287,000 after buying an additional 484 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FUN. Barclays reduced their price target on shares of Six Flags Entertainment from $40.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Stifel Nicolaus reduced their price target on shares of Six Flags Entertainment from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Citigroup reduced their price target on shares of Six Flags Entertainment from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. Jefferies Financial Group downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $41.00 to $25.00 in a research report on Thursday, August 7th. Finally, Oppenheimer reduced their price target 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. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.69.

Six Flags Entertainment Stock Up 2.4%

Six Flags Entertainment stock opened at $23.94 on Friday. The company has a market capitalization of $2.42 billion, a P/E ratio of -4.94 and a beta of 0.71. The firm’s fifty day simple moving average is $24.77 and its 200-day simple moving average is $30.32. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 2.97. Six Flags Entertainment Corporation has a 1-year low of $20.79 and a 1-year high of $49.77.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). The business had revenue of $930.39 million for the quarter, compared to the consensus estimate of $999.82 million. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The business’s quarterly revenue was up 62.8% on a year-over-year basis. Sell-side analysts forecast 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.