Wealth Enhancement Advisory Services LLC Buys 484 Shares of Six Flags Entertainment Corporation $FUN

Wealth Enhancement Advisory Services LLC grew its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,923 shares of the company’s stock after acquiring an additional 484 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Six Flags Entertainment were worth $287,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FUN. Veracity Capital LLC boosted its position in shares of Six Flags Entertainment by 20.0% during the second quarter. Veracity Capital LLC now owns 25,282 shares of the company’s stock valued at $769,000 after buying an additional 4,214 shares during the last quarter. Balefire LLC boosted its position in shares of Six Flags Entertainment by 73.7% during the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock valued at $2,786,000 after buying an additional 38,832 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of Six Flags Entertainment by 7.5% during the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company’s stock valued at $4,691,000 after buying an additional 9,231 shares during the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FUN has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on 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. UBS Group dropped their price objective on Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Jefferies Financial Group lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their price objective for the stock from $41.00 to $25.00 in a report on Thursday, August 7th. Stifel Nicolaus reduced their price objective on 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. Finally, Morgan Stanley lowered their target price on Six Flags Entertainment from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 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 company. According to MarketBeat.com, Six Flags Entertainment has a consensus rating of “Moderate Buy” and an average price target of $34.21.

Six Flags Entertainment Trading Up 2.0%

Shares of FUN stock opened at $21.72 on Thursday. Six Flags Entertainment Corporation has a 52-week low of $20.79 and a 52-week high of $49.77. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a market capitalization of $2.20 billion, a PE ratio of -4.48 and a beta of 0.71. The stock has a fifty day simple moving average of $24.24 and a two-hundred day simple moving average of $30.00.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The business had revenue of $930.39 million during the quarter, compared to analysts’ expectations of $999.82 million. The company’s revenue was up 62.8% on a year-over-year basis. On average, analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Six Flags Entertainment 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.