Boothbay Fund Management LLC Purchases 242,910 Shares of Six Flags Entertainment Corporation $FUN

Boothbay Fund Management LLC raised its position in Six Flags Entertainment Corporation (NYSE:FUN) by 672.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 279,039 shares of the company’s stock after acquiring an additional 242,910 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.28% of Six Flags Entertainment worth $8,491,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $30,000 after purchasing an additional 722 shares during the last quarter. Allworth Financial LP grew its position in Six Flags Entertainment by 1,179.0% during the second quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after buying an additional 1,403 shares during the period. GAMMA Investing LLC increased its holdings in Six Flags Entertainment by 96.5% during the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after buying an additional 884 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after buying an additional 586 shares during the last quarter. Finally, ORG Wealth Partners LLC raised its position in Six Flags Entertainment by 45.8% in the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock worth $102,000 after acquiring an additional 1,002 shares during the period. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment Stock Performance

NYSE FUN opened at $14.91 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.58 and a debt-to-equity ratio of 8.16. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $49.77. The business has a 50-day moving average price of $18.53 and a 200-day moving average price of $24.62. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -0.84 and a beta of 0.39.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the firm posted $4.21 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FUN. Oppenheimer cut their price objective on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. The Goldman Sachs Group cut their price target on Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price objective (down previously from $30.00) on shares of Six Flags Entertainment in a research note on Monday, November 10th. UBS Group reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research report on Friday, November 21st. Finally, Truist Financial set a $23.00 target price on shares of Six Flags Entertainment and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus target price of $28.29.

About Six Flags Entertainment

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.