38,109 Shares in Six Flags Entertainment Corporation $FUN Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,109 shares of the company’s stock, valued at approximately $812,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. Russell Investments Group Ltd. raised its holdings 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 worth $86,000 after purchasing an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 722 shares during the period. CIBC Private Wealth Group LLC boosted its position in Six Flags Entertainment by 26.3% during the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock worth $82,000 after purchasing an additional 748 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Six Flags Entertainment by 10.6% during the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock worth $283,000 after purchasing an additional 888 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on FUN shares. Mizuho set a $10.00 price objective on Six Flags Entertainment and gave the company an “underperform” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. Stifel Nicolaus set a $23.00 price target on shares of Six Flags Entertainment in a report on Friday, August 7th. The Goldman Sachs Group set a $15.00 price objective on shares of Six Flags Entertainment in a research report on Friday, August 7th. Finally, Zacks Research downgraded shares of Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, August 11th. 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.93.

Six Flags Entertainment Stock Up 3.4%

NYSE FUN opened at $15.54 on Friday. The business has a fifty day moving average price of $17.55 and a 200 day moving average price of $18.63. Six Flags Entertainment Corporation has a one year low of $12.51 and a one 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 market cap of $1.59 billion, a P/E ratio of -0.90 and a beta of 0.38.

Insider Transactions at Six Flags Entertainment

In other Six Flags Entertainment news, Director Rehan Jaffer bought 125,000 shares of Six Flags Entertainment stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the transaction, the director directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Reilly purchased 15,713 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the purchase, the chief executive officer 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 SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders bought 265,713 shares of company stock valued at $6,135,765 over the last quarter. Company 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.