310,000 Shares in Six Flags Entertainment Corporation $FUN Acquired by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC acquired a new stake in Six Flags Entertainment Corporation (NYSE:FUN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 310,000 shares of the company’s stock, valued at approximately $6,603,000. Six Flags Entertainment comprises approximately 2.2% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in FUN. BlackRock Inc. purchased a new position in Six Flags Entertainment in the 2nd quarter valued at $339,057,000. UBS Group AG grew its holdings 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 worth $80,991,000 after buying an additional 4,446,104 shares in the last quarter. Rush Island Management LP purchased a new stake in shares of Six Flags Entertainment during the second quarter worth $115,454,000. Morgan Stanley raised its position in shares of Six Flags Entertainment by 62.1% in the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after buying an additional 3,629,445 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Six Flags Entertainment in the fourth quarter valued at about $36,661,000. 64.65% of the stock is owned by institutional investors and hedge funds.

Six Flags Entertainment Trading Down 1.4%

NYSE FUN opened at $16.67 on Wednesday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -0.96 and a beta of 0.40. The firm has a 50 day simple moving average of $18.83 and a 200-day simple moving average of $18.75. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $27.37.

Insider Buying and Selling

In other Six Flags Entertainment news, CEO John T. Reilly purchased 15,713 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $15.80 per share, with a total value of $248,265.40. Following the transaction, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This represents a 5.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer purchased 125,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the purchase, the director owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This represents a 2.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 265,713 shares of company stock worth $6,135,765. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Citizens Jmp cut their price objective on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, August 7th. Guggenheim decreased their target price on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Northcoast Research assumed coverage on Six Flags Entertainment in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment presently has an average rating of “Hold” and a consensus target price of $21.93.

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.