Medina Value Partners LLC Makes New $14.76 Million Investment in Six Flags Entertainment Corporation $FUN

Medina Value Partners LLC acquired a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 649,428 shares of the company’s stock, valued at approximately $14,755,000. Six Flags Entertainment comprises 3.4% of Medina Value Partners LLC’s holdings, making the stock its 15th biggest holding. Medina Value Partners LLC owned about 0.64% of Six Flags Entertainment at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in Six Flags Entertainment in the 3rd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its position in Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 722 shares in the last quarter. Allworth Financial LP grew 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 worth $46,000 after buying an additional 1,403 shares in the last quarter. Caldwell Trust Co purchased a new position in Six Flags Entertainment during the 2nd quarter valued at $56,000. Finally, Sound Income Strategies LLC purchased a new stake in Six Flags Entertainment in the third quarter worth about $59,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Stock Up 1.7%

Six Flags Entertainment stock opened at $15.70 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40. The stock has a market cap of $1.59 billion, a P/E ratio of -0.99 and a beta of 0.36. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $39.21. The company’s 50-day moving average price is $16.81 and its two-hundred day moving average price is $18.51.

Six Flags Entertainment (NYSE:FUN) last released its earnings results 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 business had revenue of $650.09 million during the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts expect that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Thursday, January 22nd. Guggenheim cut their price objective on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Jefferies Financial Group reduced their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 13th. Citigroup downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $20.00 in a research note on Thursday, February 5th. Finally, Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a report on Friday, February 20th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.62.

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.