Rush Island Management LP Sells 253,400 Shares of Six Flags Entertainment Corporation $FUN

Rush Island Management LP trimmed its position in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 21.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927,829 shares of the company’s stock after selling 253,400 shares during the period. Six Flags Entertainment makes up approximately 1.1% of Rush Island Management LP’s holdings, making the stock its 20th biggest holding. Rush Island Management LP’s holdings in Six Flags Entertainment were worth $16,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares in the last quarter. Danske Bank A S bought a new stake in Six Flags Entertainment in the third quarter worth $27,000. Atlas Wealth LLC purchased a new stake in Six Flags Entertainment during the first quarter valued at $26,000. CoreCap Advisors LLC raised its stake in Six Flags Entertainment by 145.5% during the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after purchasing an additional 975 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Six Flags Entertainment during the fourth quarter valued at $28,000. 64.65% of the stock is currently owned by institutional investors.

Insider Activity at Six Flags Entertainment

In other news, Director Marilyn G. Spiegel acquired 2,500 shares of the firm’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 completion of the purchase, the director directly owned 15,161 shares in the company, valued at approximately $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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. In the last ninety days, insiders have bought 265,000 shares of company stock worth $6,173,850. Insiders own 2.10% of the company’s stock.

Six Flags Entertainment Stock Up 6.0%

NYSE FUN opened at $18.64 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The company has a fifty day moving average of $20.65 and a two-hundred day moving average of $18.78. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -1.14 and a beta of 0.38. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $31.51.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share 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 the consensus estimate of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. On average, analysts predict that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FUN shares. Northcoast Research started coverage on shares of Six Flags Entertainment in a research note on Wednesday, July 8th. They issued a “neutral” rating for the company. Citizens Jmp began coverage on shares of Six Flags Entertainment in a research report on Monday, June 29th. They set a “market outperform” rating and a $29.00 target price on the stock. Barclays increased their price target on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, UBS Group upped their price objective on Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.00.

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.