Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 2,389,905 Six Flags Entertainment Corporation $FUN

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Six Flags Entertainment Corporation (NYSE:FUN) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,389,905 shares of the company’s stock, valued at approximately $36,661,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUN. CoreCap Advisors LLC grew its holdings in Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after buying an additional 975 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Six Flags Entertainment during the 3rd quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Six Flags Entertainment during the 4th quarter worth approximately $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of Six Flags Entertainment during the 3rd quarter worth approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $30,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Price Performance

Shares of FUN stock opened at $23.42 on Tuesday. The stock’s fifty day simple moving average is $20.04 and its 200 day simple moving average is $17.60. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -1.43 and a beta of 0.38. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $33.50.

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

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, insider Richard M. Haddrill acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $19.08 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marilyn G. Spiegel acquired 2,500 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price 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 approximately $289,575.10. The trade was a 19.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 15,000 shares of company stock valued at $286,350. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FUN shares. Weiss Ratings lowered Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. UBS Group lifted their price objective on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Friday, May 8th. Truist Financial boosted their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. Finally, Mizuho boosted their price target on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.