Six Flags Entertainment Corporation $FUN Stock Position Raised by Alberta Investment Management Corp

Alberta Investment Management Corp grew its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 51.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 913,000 shares of the company’s stock after acquiring an additional 312,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Six Flags Entertainment were worth $20,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Six Flags Entertainment by 0.5% in the third quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock worth $228,739,000 after acquiring an additional 53,111 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Six Flags Entertainment by 53.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 83,121 shares of the company’s stock valued at $1,889,000 after buying an additional 28,796 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Six Flags Entertainment during the third quarter valued at $30,000. Public Sector Pension Investment Board lifted its stake in Six Flags Entertainment by 23.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 395,093 shares of the company’s stock worth $8,977,000 after acquiring an additional 74,567 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Six Flags Entertainment by 5.8% during the 3rd quarter. Rhumbline Advisers now owns 274,800 shares of the company’s stock worth $6,243,000 after acquiring an additional 15,135 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Analyst Ratings Changes

FUN has been the topic of a number of research analyst reports. Morgan Stanley set a $17.00 price objective on shares of Six Flags Entertainment in a research report on Thursday, December 18th. Stifel Nicolaus lowered their price target on shares of Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Citigroup cut Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $20.00 in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group dropped their target price on Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus target price of $26.86.

Six Flags Entertainment Trading Up 5.1%

Six Flags Entertainment stock opened at $16.34 on Thursday. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $48.80. The company’s fifty day moving average price is $16.14 and its two-hundred day moving average price is $19.51. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -0.92 and a beta of 0.39.

Six Flags Entertainment Company Profile

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.