State of New Jersey Common Pension Fund D Raises Position in Six Flags Entertainment Corporation $FUN

State of New Jersey Common Pension Fund D grew its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 29.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,325 shares of the company’s stock after acquiring an additional 12,425 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Six Flags Entertainment worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of FUN. Aurora Investment Counsel lifted its position in Six Flags Entertainment by 114.8% during the second quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock valued at $1,025,000 after purchasing an additional 17,995 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Six Flags Entertainment in the second quarter worth about $656,000. Balefire LLC lifted its position in shares of Six Flags Entertainment by 73.7% during the 2nd 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 in the last quarter. Trust Co. of Toledo NA OH grew its stake in shares of Six Flags Entertainment by 9.2% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 7,144 shares of the company’s stock valued at $217,000 after acquiring an additional 600 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in shares of Six Flags Entertainment during the 2nd quarter valued at approximately $1,473,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FUN has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Six Flags Entertainment from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a report on Wednesday, October 8th. Citigroup decreased their price target on Six Flags Entertainment from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Stifel Nicolaus lowered their price objective on Six Flags Entertainment from $50.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Finally, Mizuho cut their target price on Six Flags Entertainment from $36.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.21.

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock opened at $23.01 on Monday. The company’s 50-day moving average price is $22.99 and its 200-day moving average price is $28.65. 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 company has a market cap of $2.33 billion, a PE ratio of -4.74 and a beta of 0.71. Six Flags Entertainment Corporation has a twelve month low of $20.00 and a twelve month high of $49.77.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing the consensus estimate 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 company had revenue of $930.39 million during the quarter, compared to analysts’ expectations of $999.82 million. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. On average, equities research analysts forecast 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.