Six Flags Entertainment Corporation $FUN Position Increased by Cove Street Capital LLC

Cove Street Capital LLC increased its holdings in Six Flags Entertainment Corporation (NYSE:FUN) by 1,711.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 204,414 shares of the company’s stock after acquiring an additional 193,129 shares during the quarter. Six Flags Entertainment comprises approximately 6.1% of Cove Street Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Cove Street Capital LLC’s holdings in Six Flags Entertainment were worth $4,644,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Six Flags Entertainment by 56.5% during the second quarter. Envestnet Asset Management Inc. now owns 61,081 shares of the company’s stock worth $1,859,000 after purchasing an additional 22,054 shares during the last quarter. Allworth Financial LP lifted its holdings in Six Flags Entertainment by 1,179.0% in the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock worth $46,000 after acquiring an additional 1,403 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Six Flags Entertainment by 2.4% in the second quarter. Geode Capital Management LLC now owns 2,208,815 shares of the company’s stock worth $67,222,000 after acquiring an additional 52,337 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Six Flags Entertainment by 10.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 21,953 shares of the company’s stock valued at $668,000 after acquiring an additional 2,139 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Six Flags Entertainment by 8.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,139 shares of the company’s stock valued at $735,000 after purchasing an additional 1,821 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Key Stories Impacting Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Official strategic partnership with Travis Kelce—company announced a multi-faceted brand ambassadorship expected to drive awareness, promotional activations and likely short-term attendance/merchandising boosts across major parks. Six Flags Announces Strategic Partnership With NFL Legend Travis Kelce
• Neutral Sentiment: Market and media check: analysts and outlets are re‑pricing FUN after the announcement and publishing valuation takes — these pieces frame the partnership as a potential catalyst but stop short of changing long-term fundamental forecasts. Six Flags Entertainment (FUN) Valuation Check After Travis Kelce Brand Partnership Announcement
• Neutral Sentiment: Widespread press coverage highlights Kelce’s role will span multiple parks (including Cedar Point, Darien Lake, Carowinds), amplifying national reach but leaving questions about measurable, sustained revenue impact. Travis Kelce named brand ambassador for Six Flags, including Darien Lake
• Negative Sentiment: Balance-sheet concerns remain prominent: analysis points to high leverage and reliance on asset sales/operational improvements — issues that could limit upside from marketing initiatives if cash flow and debt reduction aren’t visible. Six Flags: Starting Its Cedar-Fication, But Debt Knocks The Door
• Negative Sentiment: Recent fundamentals are still weak: Six Flags missed on the most recent quarter (EPS miss, shrinking revenue and a negative net margin), which keeps the company vulnerable if the partnership doesn’t translate quickly into higher attendance or pricing power.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FUN. Citigroup downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $20.00 in a report on Thursday, February 5th. Barclays restated an “overweight” rating and set a $22.00 price objective on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Mizuho raised their target price on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Morgan Stanley set a $18.00 price target on shares of Six Flags Entertainment in a report on Friday, February 20th. Finally, UBS Group restated a “buy” rating on shares of Six Flags Entertainment in a research report on Friday, November 21st. Seven 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. According to data from MarketBeat.com, Six Flags Entertainment presently has an average rating of “Hold” and a consensus price target of $24.62.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $16.00 on Friday. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $39.21. The stock has a market capitalization of $1.62 billion, a P/E ratio of -1.01 and a beta of 0.36. The firm’s 50 day moving average is $16.82 and its 200-day moving average is $18.45. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.69 and a quick ratio of 0.59.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). The business 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 business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts anticipate that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

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.