Six Flags Entertainment Corporation $FUN Stock Holdings Decreased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lowered its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 26.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 152,117 shares of the company’s stock after selling 53,450 shares during the period. Pinnacle Associates Ltd.’s holdings in Six Flags Entertainment were worth $2,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its stake in Six Flags Entertainment by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock valued at $103,000 after purchasing an additional 442 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Six Flags Entertainment by 1.0% during the third quarter. State of Alaska Department of Revenue now owns 56,470 shares of the company’s stock valued at $1,282,000 after purchasing an additional 545 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares during the last quarter. Arizona State Retirement System lifted its stake in Six Flags Entertainment by 2.2% during the third quarter. Arizona State Retirement System now owns 28,421 shares of the company’s stock valued at $646,000 after purchasing an additional 610 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, Director Marilyn G. Spiegel purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $19.12 per share, for a total transaction of $47,800.00. Following the purchase, the director directly owned 12,661 shares in the company, valued at $242,078.32. This trade represents a 24.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard M. Haddrill purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the purchase, the insider owned 230,117 shares in the company, valued at $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

FUN has been the subject of several recent research reports. Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. Barclays boosted their price target on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Mizuho boosted their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Zacks Research upgraded shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.85.

Six Flags Entertainment Stock Up 5.9%

Six Flags Entertainment stock opened at $21.27 on Friday. The firm has a market cap of $2.17 billion, a PE ratio of -1.30 and a beta of 0.35. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. The firm’s 50 day moving average price is $18.24 and its two-hundred day moving average price is $17.15. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $38.27.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.06. The firm had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. On average, research analysts predict that Six Flags Entertainment Corporation will post -0.28 EPS for the current fiscal year.

Six Flags Entertainment 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.