Louisiana State Employees Retirement System Makes New $799,000 Investment in Six Flags Entertainment Corporation $FUN

Louisiana State Employees Retirement System bought a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 45,000 shares of the company’s stock, valued at approximately $799,000.

Several other large investors also recently bought and sold shares of the business. UBS Group AG boosted its holdings in Six Flags Entertainment by 533.4% in the fourth 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. JANA Partners Management LP bought a new position in Six Flags Entertainment in the third quarter worth approximately $92,015,000. Invenomic Capital Management LP bought a new position in Six Flags Entertainment in the third quarter worth approximately $23,499,000. Interval Partners LP boosted its stake in shares of Six Flags Entertainment by 76.0% during the 3rd quarter. Interval Partners LP now owns 388,188 shares of the company’s stock worth $8,820,000 after acquiring an additional 167,643 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its stake in shares of Six Flags Entertainment by 106.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company’s stock worth $1,968,000 after purchasing an additional 66,263 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FUN has been the subject of a number of analyst reports. Truist Financial upped their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Wall Street Zen raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Oppenheimer reduced their price objective on shares of 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. Weiss Ratings downgraded shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Finally, Barclays raised their price target on Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.43.

Insider Activity

In other news, Director Marilyn G. Spiegel acquired 2,500 shares of Six Flags Entertainment stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $19.10 per share, with a total value of $47,750.00. Following the transaction, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. This trade represents a 19.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Rehan Jaffer bought 125,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the transaction, the director directly owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This trade 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 bought 265,000 shares of company stock valued at $6,173,850. 2.10% of the stock is currently owned by company insiders.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock traded down $0.12 during trading hours on Tuesday, reaching $19.43. The company’s stock had a trading volume of 267,619 shares, compared to its average volume of 2,157,495. The firm has a 50 day moving average price of $21.07 and a 200-day moving average price of $18.38. 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 stock has a market cap of $1.99 billion, a P/E ratio of -1.19 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 issued its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping the consensus estimate of ($2.71) by $0.06. The company had revenue of $225.63 million for the quarter, compared to analysts’ expectations 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 predict that Six Flags Entertainment Corporation will post -0.28 EPS for the current year.

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.