Thrivent Financial for Lutherans Decreases Stock Holdings in Six Flags Entertainment Corporation $FUN

Thrivent Financial for Lutherans reduced its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 17.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,637 shares of the company’s stock after selling 63,355 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Six Flags Entertainment were worth $4,581,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Arena Capital Advisors LLC CA purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth $153,000. Winslow Asset Management Inc. purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth $183,000. Savoir Faire Capital Management L.P. lifted its stake in shares of Six Flags Entertainment by 28.3% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 116,743 shares of the company’s stock worth $1,791,000 after purchasing an additional 25,739 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth $28,000. Finally, UBS Group AG lifted its stake in shares of Six Flags Entertainment by 533.4% during the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after purchasing an additional 4,446,104 shares during the last quarter. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Trading Up 0.6%

Six Flags Entertainment stock opened at $19.84 on Friday. The stock has a 50-day moving average of $18.58 and a two-hundred day moving average of $16.99. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $35.65. The stock has a market cap of $2.03 billion, a PE ratio of -1.22 and a beta of 0.35.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The company had revenue of $225.63 million during 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FUN shares. The Goldman Sachs Group upped their price objective on Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings cut Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a research note on Friday, February 20th. Oppenheimer decreased their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Truist Financial increased their price target on Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.85.

Insider Transactions at Six Flags Entertainment

In other news, Director Marilyn G. Spiegel acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $19.12 per share, with a total value of $47,800.00. Following the completion of the acquisition, the director owned 12,661 shares of the company’s stock, valued at approximately $242,078.32. This trade represents a 24.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard M. Haddrill acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the acquisition, the insider directly owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is currently owned by corporate insiders.

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.