Havemeyer Place LP Makes New Investment in Six Flags Entertainment Corporation $FUN

Havemeyer Place LP acquired a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,039 shares of the company’s stock, valued at approximately $1,289,000.

Other hedge funds have also modified their holdings of the company. UBS Group AG grew its stake in shares of Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after purchasing an additional 4,446,104 shares during the last quarter. JANA Partners Management LP bought a new stake in shares of Six Flags Entertainment during the third quarter valued at approximately $92,015,000. Rush Island Management LP bought a new stake in shares of Six Flags Entertainment during the second quarter valued at approximately $115,454,000. EdgePoint Investment Group Inc. bought a new stake in shares of Six Flags Entertainment during the third quarter valued at approximately $70,764,000. Finally, Land & Buildings Investment Management LLC bought a new stake in shares of Six Flags Entertainment during the third quarter valued at approximately $36,024,000. 64.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Mizuho lifted their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Guggenheim dropped their price objective on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Friday, May 8th. Finally, Citigroup lifted their price target on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.85.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $20.73 on Monday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -1.27 and a beta of 0.38. 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 company has a 50-day simple moving average of $19.34 and a 200 day simple moving average of $17.21. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $33.63.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping the consensus estimate of ($2.71) by $0.06. The business had revenue of $225.63 million during the quarter, compared to the consensus estimate 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, sell-side analysts predict that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Insider Activity at Six Flags Entertainment

In other news, insider Richard M. Haddrill bought 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the transaction, the insider owned 230,117 shares of the company’s stock, valued at $4,390,632.36. This represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marilyn G. Spiegel bought 2,500 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares in the company, valued at approximately $289,575.10. This represents a 19.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 15,000 shares of company stock valued at $286,350 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

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.