Quantbot Technologies LP Invests $1.10 Million in Six Flags Entertainment Corporation $FUN

Quantbot Technologies LP acquired a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 51,731 shares of the company’s stock, valued at approximately $1,102,000. Quantbot Technologies LP owned approximately 0.05% of Six Flags Entertainment as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Landscape Capital Management L.L.C. acquired a new position in Six Flags Entertainment in the 2nd quarter worth about $3,415,000. Allworth Financial LP bought a new position in shares of Six Flags Entertainment during the second quarter worth about $35,000. BlackRock Inc. bought a new position in shares of Six Flags Entertainment during the second quarter worth about $339,057,000. Deutsche Bank AG acquired a new position in shares of Six Flags Entertainment in the second quarter worth approximately $2,317,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Six Flags Entertainment in the second quarter worth approximately $11,975,000. Institutional investors own 64.65% of the company’s stock.

Insider Activity at Six Flags Entertainment

In related news, Director Rehan Jaffer bought 125,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the transaction, the director directly owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. The trade was a 2.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John T. Reilly bought 15,713 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the transaction, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have bought 265,713 shares of company stock valued at $6,135,765. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. UBS Group upped their price objective on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Citizens Jmp decreased their price objective on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a research report on Friday, August 7th. Finally, Northcoast Research started coverage on shares of Six Flags Entertainment in a research report on Wednesday, July 8th. They set a “neutral” rating for the company. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.93.

Six Flags Entertainment Trading Down 1.4%

NYSE FUN opened at $16.67 on Wednesday. The business has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $18.75. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $27.37. The stock has a market capitalization of $1.71 billion, a P/E ratio of -0.96 and a beta of 0.40. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36.

About Six Flags Entertainment

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.