Clearline Capital LP Grows Stock Holdings in Six Flags Entertainment Corporation $FUN

Clearline Capital LP boosted its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 2,541.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 565,495 shares of the company’s stock after acquiring an additional 544,087 shares during the period. Clearline Capital LP’s holdings in Six Flags Entertainment were worth $8,675,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UBS Group AG raised its stake in 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 in the last quarter. JANA Partners Management LP purchased a new stake in Six Flags Entertainment during the third quarter valued at $92,015,000. Quantbot Technologies LP raised its stake in Six Flags Entertainment by 190.5% during the third quarter. Quantbot Technologies LP now owns 230,120 shares of the company’s stock valued at $5,228,000 after purchasing an additional 150,913 shares in the last quarter. Channing Capital Management LLC raised its stake in Six Flags Entertainment by 75.2% during the third quarter. Channing Capital Management LLC now owns 374,874 shares of the company’s stock valued at $8,517,000 after purchasing an additional 160,931 shares in the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in Six Flags Entertainment during the third quarter valued at $23,499,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Trading Up 2.2%

FUN stock opened at $24.98 on Thursday. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $33.50. The firm’s 50-day moving average is $20.33 and its 200 day moving average is $17.74. The company has a market capitalization of $2.55 billion, a PE ratio of -1.53 and a beta of 0.39.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, topping 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 company had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $207.49 million. On average, research analysts anticipate that Six Flags Entertainment Corporation will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other Six Flags Entertainment news, insider Richard M. Haddrill bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the acquisition, the insider directly owned 230,117 shares in the company, valued at approximately $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rehan Jaffer bought 125,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the acquisition, the director owned 4,900,000 shares in the company, valued at $114,709,000. This represents a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 265,000 shares of company stock worth $6,173,850 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FUN. JPMorgan Chase & Co. raised shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a research note on Friday, May 8th. Citigroup increased their target price 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. Barclays increased their target price on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. UBS Group increased their target price 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. Finally, Guggenheim reduced their target price on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus target price of $25.15.

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.