Twin Lakes Capital Management LLC Purchases New Holdings in Six Flags Entertainment Corporation $FUN

Twin Lakes Capital Management LLC acquired a new position in Six Flags Entertainment Corporation (NYSE:FUN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 33,808 shares of the company’s stock, valued at approximately $720,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FUN. Northwestern Mutual Wealth Management Co. lifted 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 acquired a new stake in shares of Six Flags Entertainment in the third quarter worth $27,000. Atlas Wealth LLC purchased a new position in shares of Six Flags Entertainment during the first quarter valued at $26,000. Allworth Financial LP purchased a new position in shares of Six Flags Entertainment during the second quarter valued at $35,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Six Flags Entertainment during the fourth quarter valued at $28,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Price Performance

FUN opened at $16.28 on Friday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -0.94 and a beta of 0.40. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year 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. The stock has a fifty day moving average price of $18.30 and a 200 day moving average price of $18.71.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research downgraded Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Truist Financial upped their target price on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. Oppenheimer decreased their price target on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Mizuho set a $10.00 price objective on shares of Six Flags Entertainment and gave the company an “underperform” rating in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.93.

Insider Transactions at Six Flags Entertainment

In other news, CEO John T. Reilly purchased 15,713 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $15.80 per share, with a total value of $248,265.40. Following the purchase, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, 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 Six Flags Entertainment stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the acquisition, the director owned 4,900,000 shares in the company, valued at $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. Insiders have bought a total of 265,713 shares of company stock valued at $6,135,765 over the last ninety days. Company insiders own 2.10% of the company’s stock.

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.