Six Flags Entertainment Corporation $FUN Stock Position Raised by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in Six Flags Entertainment Corporation (NYSE:FUN) by 127.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,328 shares of the company’s stock after acquiring an additional 51,713 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.09% of Six Flags Entertainment worth $2,810,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Aurora Investment Counsel lifted its position in shares of Six Flags Entertainment by 114.8% in the 2nd quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock valued at $1,025,000 after acquiring an additional 17,995 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Six Flags Entertainment during the second quarter valued at approximately $656,000. Balefire LLC grew its position in Six Flags Entertainment by 73.7% during the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock valued at $2,786,000 after purchasing an additional 38,832 shares in the last quarter. Trust Co. of Toledo NA OH grew its position in Six Flags Entertainment by 9.2% during the second quarter. Trust Co. of Toledo NA OH now owns 7,144 shares of the company’s stock valued at $217,000 after purchasing an additional 600 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in Six Flags Entertainment during the second quarter valued at approximately $1,473,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Trading Down 5.0%

Six Flags Entertainment stock opened at $22.56 on Friday. The company’s fifty day moving average price is $23.05 and its two-hundred day moving average price is $28.75. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42. Six Flags Entertainment Corporation has a one year low of $20.00 and a one year high of $49.77. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -4.65 and a beta of 0.71.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FUN shares. Mizuho lowered their price objective 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. Morgan Stanley lowered their price objective on shares of Six Flags Entertainment from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price objective on shares of Six Flags Entertainment from $33.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th. Stifel Nicolaus lowered their price objective on shares of Six Flags Entertainment from $50.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Finally, Guggenheim set a $43.00 price objective on shares of Six Flags Entertainment and gave the company a “buy” rating in a research report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.21.

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.