Legal & General Group Plc Purchases New Holdings in Six Flags Entertainment Corporation $FUN

Legal & General Group Plc acquired a new position in Six Flags Entertainment Corporation (NYSE:FUN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 225,750 shares of the company’s stock, valued at approximately $4,808,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FUN. Northwestern Mutual Wealth Management Co. raised its position in shares of Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares during the last quarter. Danske Bank A S bought a new position in Six Flags Entertainment in the third quarter valued at about $27,000. Atlas Wealth LLC acquired a new stake in Six Flags Entertainment in the first quarter worth about $26,000. Allworth Financial LP acquired a new stake in Six Flags Entertainment in the second quarter worth about $35,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FUN. Northcoast Research initiated coverage on shares of Six Flags Entertainment in a research note on Wednesday, July 8th. They issued a “neutral” rating on the stock. UBS Group raised their price objective on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Truist Financial lifted their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 12th. The Goldman Sachs Group set a $15.00 target price on shares of Six Flags Entertainment in a research report on Friday, August 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Six Flags Entertainment currently has an average rating of “Hold” and an average price target of $21.93.

Six Flags Entertainment Stock Performance

Shares of NYSE:FUN opened at $15.10 on Friday. The firm’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $18.65. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $27.37. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -0.87 and a beta of 0.38. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36.

Insider Activity at Six Flags Entertainment

In other news, CEO John Reilly bought 15,713 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 purchased at an average cost of $23.41 per share, with a total value of $2,926,250.00. Following the acquisition, the director directly owned 4,900,000 shares in the company, valued at $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 265,713 shares of company stock valued at $6,135,765 in the last ninety days. Insiders own 2.10% of the company’s stock.

Six Flags Entertainment 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.