Channing Capital Management LLC Boosts Stock Holdings in Six Flags Entertainment Corporation $FUN

Channing Capital Management LLC lifted its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUNFree Report) by 75.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,874 shares of the company’s stock after buying an additional 160,931 shares during the quarter. Channing Capital Management LLC owned about 0.37% of Six Flags Entertainment worth $8,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FUN. Rush Island Management LP purchased a new stake in shares of Six Flags Entertainment during the second quarter worth $115,454,000. Darlington Partners Capital Management LP raised its stake in shares of Six Flags Entertainment by 20.2% during the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after purchasing an additional 1,460,000 shares during the period. Dendur Capital LP lifted its holdings in Six Flags Entertainment by 41.1% during the 2nd quarter. Dendur Capital LP now owns 4,433,500 shares of the company’s stock worth $134,911,000 after purchasing an additional 1,292,500 shares in the last quarter. Long Pond Capital LP boosted its stake in Six Flags Entertainment by 55.2% in the 2nd quarter. Long Pond Capital LP now owns 3,296,660 shares of the company’s stock worth $100,317,000 after purchasing an additional 1,172,101 shares during the period. Finally, Alberta Investment Management Corp bought a new position in Six Flags Entertainment in the 2nd quarter worth about $18,288,000. 64.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FUN has been the topic of a number of recent analyst reports. Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a report on Friday. Mizuho increased their target price on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays reduced their price target 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. Finally, Guggenheim lowered their price objective on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.00.

Check Out Our Latest Research Report on Six Flags Entertainment

Six Flags Entertainment Price Performance

FUN stock opened at $18.24 on Friday. The firm has a 50 day simple moving average of $16.26 and a two-hundred day simple moving average of $19.34. The stock has a market cap of $1.85 billion, a PE ratio of -1.15 and a beta of 0.39. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $48.80. The company has a debt-to-equity ratio of 9.42, a current ratio of 0.58 and a quick ratio of 0.48.

Six Flags Entertainment (NYSE:FUNGet Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). The company had revenue of $650.09 million for the quarter, compared to the consensus estimate of $602.68 million. Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The firm’s quarterly revenue was down 5.4% 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.

Key Headlines Impacting Six Flags Entertainment

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Six Flags Entertainment Profile

(Free Report)

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.

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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:FUN)

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