51,731 Shares in Six Flags Entertainment Corporation $FUN Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Six Flags Entertainment Corporation (NYSE:FUN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,731 shares of the company’s stock, valued at approximately $1,102,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of 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 acquiring an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 722 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Six Flags Entertainment by 2.5% in the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after purchasing an additional 5,775 shares in the last quarter. State Street Corp grew its position in Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after purchasing an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after purchasing an additional 465,572 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Insider Buying and Selling at Six Flags Entertainment

In other news, Director Rehan Jaffer bought 125,000 shares of Six Flags Entertainment stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the purchase, the director directly owned 4,900,000 shares in the company, valued at $114,709,000. The trade was a 2.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John T. Reilly bought 15,713 shares of the stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares of the company’s stock, valued at $4,704,228.80. The trade was a 5.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have acquired 265,713 shares of company stock worth $6,135,765. Company insiders own 2.10% of the company’s stock.

Six Flags Entertainment Stock Down 1.4%

Shares of NYSE:FUN opened at $16.67 on Wednesday. The business’s 50 day moving average is $18.83 and its 200 day moving average is $18.75. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $27.37. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -0.96 and a beta of 0.40. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34.

Analyst Ratings Changes

Several research firms have weighed in on FUN. Guggenheim lowered their price objective on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Barclays reduced their price objective on shares of Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Citigroup reissued a “neutral” rating on shares of Six Flags Entertainment in a research report on Friday, August 7th. Northcoast Research started coverage on shares of Six Flags Entertainment in a report on Wednesday, July 8th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.93.

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.