WINTON GROUP Ltd Acquires 45,158 Shares of Six Flags Entertainment Corporation $FUN

WINTON GROUP Ltd boosted its stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) by 22.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 241,990 shares of the company’s stock after buying an additional 45,158 shares during the quarter. WINTON GROUP Ltd’s holdings in Six Flags Entertainment were worth $5,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Six Flags Entertainment in the 2nd quarter worth about $339,057,000. Morgan Stanley increased its position in shares of Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after buying an additional 3,629,445 shares during the period. Darlington Partners Capital Management LP increased its position in shares of Six Flags Entertainment by 20.2% during the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after buying an additional 1,460,000 shares during the period. Dendur Capital LP lifted its holdings in shares of Six Flags Entertainment by 6.2% in the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock worth $75,987,000 after buying an additional 290,000 shares in the last quarter. Finally, Rush Island Management LP purchased a new position in shares of Six Flags Entertainment during the 2nd quarter valued at $115,454,000. 64.65% of the stock is owned by institutional investors.

Insider Activity at Six Flags Entertainment

In other Six Flags Entertainment news, CEO John T. Reilly bought 15,713 shares of Six Flags Entertainment stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares in the company, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer purchased 125,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the purchase, the director directly owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. The trade was a 2.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FUN. Truist Financial cut their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday. Mizuho set a $10.00 price objective on Six Flags Entertainment and gave the company an “underperform” rating in a research note on Friday, August 7th. Guggenheim decreased their target price on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wall Street Zen lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.50.

Six Flags Entertainment Stock Down 4.2%

Shares of NYSE:FUN opened at $13.69 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -0.79 and a beta of 0.38. The stock has a fifty day simple moving average of $17.07 and a two-hundred day simple moving average of $18.59. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $27.37. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34.

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.