AYAL Capital Advisors Ltd Buys 50,000 Shares of Six Flags Entertainment Corporation $FUN

AYAL Capital Advisors Ltd raised its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 31.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Six Flags Entertainment accounts for approximately 1.5% of AYAL Capital Advisors Ltd’s investment portfolio, making the stock its 11th largest holding. AYAL Capital Advisors Ltd owned about 0.21% of Six Flags Entertainment worth $6,390,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Allworth Financial LP lifted its position in Six Flags Entertainment by 1,179.0% during the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after acquiring an additional 1,403 shares during the last quarter. GAMMA Investing LLC boosted its stake in Six Flags Entertainment by 96.5% in the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after acquiring an additional 884 shares in the last quarter. Russell Investments Group Ltd. grew its holdings 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 worth $86,000 after purchasing an additional 586 shares during the last quarter. Finally, ORG Wealth Partners LLC increased its position in shares of Six Flags Entertainment by 45.8% during the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock worth $102,000 after purchasing an additional 1,002 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on FUN shares. JPMorgan Chase & Co. lowered their price objective on Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 8th. Capital One Financial set a $28.00 price target on Six Flags Entertainment in a report on Tuesday, October 7th. Citigroup cut their price objective on shares of Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Finally, Barclays decreased their price objective on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $28.29.

Six Flags Entertainment Stock Performance

FUN opened at $14.91 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.48 and a debt-to-equity ratio of 8.16. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $49.77. The firm has a 50 day moving average of $18.53 and a two-hundred day moving average of $24.62. The firm has a market capitalization of $1.51 billion, a PE ratio of -0.84 and a beta of 0.39.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Friday, November 7th. The company reported ($11.77) earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company earned $4.21 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, analysts anticipate that Six Flags Entertainment Corporation will post 0.83 EPS for the current 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.