Six Flags Entertainment Corporation $FUN Shares Bought by Venture Visionary Partners LLC

Venture Visionary Partners LLC grew its stake in Six Flags Entertainment Corporation (NYSE:FUN) by 9.6% in the second quarter, Holdings Channel reports. The fund owned 22,104 shares of the company’s stock after purchasing an additional 1,930 shares during the period. Venture Visionary Partners LLC’s holdings in Six Flags Entertainment were worth $673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Six Flags Entertainment by 96.5% during the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock worth $55,000 after purchasing an additional 884 shares during the last quarter. ORG Wealth Partners LLC lifted its holdings 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 valued at $102,000 after acquiring an additional 1,002 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Six Flags Entertainment by 42.5% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock worth $175,000 after purchasing an additional 1,717 shares during the period. Castleview Partners LLC acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter worth about $239,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Six Flags Entertainment by 5.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock valued at $287,000 after buying an additional 484 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Analysts Set New Price Targets

FUN has been the subject of several research analyst reports. Barclays lowered their target price on shares of Six Flags Entertainment from $40.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Truist Financial cut shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Wednesday, September 3rd. Oppenheimer cut their target price on Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. The Goldman Sachs Group dropped their target price on Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Mizuho reduced their price target on shares of Six Flags Entertainment from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Ten research analysts have rated the stock with a Buy rating, three have issued 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 $36.36.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $22.74 on Wednesday. The stock’s 50-day moving average is $25.30 and its two-hundred day moving average is $30.56. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.42 and a current ratio of 0.52. Six Flags Entertainment Corporation has a 1 year low of $20.79 and a 1 year high of $49.77. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -4.69 and a beta of 0.72.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). The firm had revenue of $930.39 million during the quarter, compared to analyst estimates of $999.82 million. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. Six Flags Entertainment’s revenue was up 62.8% on a year-over-year basis. Analysts predict that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

Six Flags Entertainment Profile

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.