ING Groep NV Has $16.05 Million Position in Six Flags Entertainment Corporation $FUN

ING Groep NV increased its position in Six Flags Entertainment Corporation (NYSE:FUN) by 70.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,046,000 shares of the company’s stock after acquiring an additional 433,100 shares during the quarter. ING Groep NV’s holdings in Six Flags Entertainment were worth $16,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FUN. CoreCap Advisors LLC increased its position in Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after purchasing an additional 975 shares during the period. Danske Bank A S acquired a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Six Flags Entertainment during the 4th quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Six Flags Entertainment by 259.7% during the 2nd 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 period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, insider Richard M. Haddrill purchased 10,000 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $19.08 per share, with a total value of $190,800.00. Following the transaction, the insider owned 230,117 shares in the company, valued at $4,390,632.36. This trade represents a 4.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marilyn G. Spiegel purchased 2,500 shares of Six Flags Entertainment stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of $19.10 per share, with a total value of $47,750.00. Following the transaction, the director owned 15,161 shares in the company, valued at $289,575.10. This trade represents a 19.75% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 15,000 shares of company stock valued at $286,350. 2.10% of the stock is currently owned by insiders.

Six Flags Entertainment Price Performance

Shares of FUN opened at $20.73 on Monday. The business’s fifty day moving average is $19.34 and its 200 day moving average is $17.21. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $33.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The stock has a market cap of $2.12 billion, a P/E ratio of -1.27 and a beta of 0.38.

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

Wall Street Analyst Weigh In

FUN has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Guggenheim decreased their target price on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a research report on Friday, February 20th. Zacks Research raised shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Truist Financial increased their target price on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.85.

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.