Twin Lakes Capital Management LLC Invests $720,000 in Six Flags Entertainment Corporation $FUN

Twin Lakes Capital Management LLC purchased a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,808 shares of the company’s stock, valued at approximately $720,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. grew its position in Six Flags Entertainment by 26.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after buying an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 buying an additional 722 shares during the period. Invesco Ltd. raised its position in shares of Six Flags Entertainment by 2.5% during the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after buying an additional 5,775 shares in the last quarter. State Street Corp raised its position in shares of Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after buying an additional 27,848 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after acquiring an additional 465,572 shares during the period. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment Trading Up 2.0%

Shares of NYSE:FUN opened at $16.28 on Friday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -0.94 and a beta of 0.40. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $27.37. 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 company has a 50 day moving average price of $18.30 and a 200 day moving average price of $18.71.

Analyst Ratings Changes

A number of research analysts recently commented on FUN shares. Zacks Research lowered shares of Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Citigroup restated a “neutral” rating on shares of Six Flags Entertainment in a research report on Friday, August 7th. Stifel Nicolaus set a $23.00 price target on Six Flags Entertainment in a research report on Friday, August 7th. Citizens Jmp dropped their price objective on Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their price objective on Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.93.

Insider Buying and Selling at Six Flags Entertainment

In related news, CEO John T. Reilly bought 15,713 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $15.80 per share, with a total value of $248,265.40. Following the completion of the transaction, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer bought 125,000 shares of Six Flags Entertainment stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the acquisition, the director owned 4,900,000 shares of the company’s stock, valued at $114,709,000. The trade was a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 265,713 shares of company stock valued at $6,135,765. Corporate insiders own 2.10% of the company’s stock.

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.