Ananym Capital Management LP Buys 165,996 Shares of Six Flags Entertainment Corporation $FUN

Key Points

• Ananym Capital Management LP raised its stake in Six Flags Entertainment (NYSE:FUN) by 26.4%, buying 165,996 shares to hold 795,411 shares (about 0.78% of the company) valued at roughly $18.07 million, making FUN 6.9% of the fund’s portfolio and its 8th largest position.
• Six Flags unveiled a strategic partnership with NFL star Travis Kelce that could boost awareness and near‑term attendance/merchandising, but high leverage (debt/equity ~9.4), a recent EPS miss and a negative net margin (~‑51.6%) leave the long‑term upside uncertain amid a mixed analyst stance (consensus "Hold", $24.62 target).

Ananym Capital Management LP raised its position in shares of Six Flags Entertainment Corporation (NYSE:FUN - Free Report) by 26.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 795,411 shares of the company's stock after buying an additional 165,996 shares during the quarter. Six Flags Entertainment accounts for 6.9% of Ananym Capital Management LP's portfolio, making the stock its 8th largest position. Ananym Capital Management LP owned about 0.78% of Six Flags Entertainment worth $18,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FUN. Ameritas Advisory Services LLC acquired a new stake in shares of Six Flags Entertainment during the third quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $30,000 after acquiring an additional 722 shares in the last quarter. Allworth Financial LP boosted its stake in Six Flags Entertainment by 1,179.0% in the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company's stock worth $46,000 after purchasing an additional 1,403 shares during the period. Caldwell Trust Co acquired a new position in Six Flags Entertainment in the 2nd quarter worth approximately $56,000. Finally, Sound Income Strategies LLC purchased a new position in Six Flags Entertainment during the 3rd quarter worth approximately $59,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Official strategic partnership with Travis Kelce—company announced a multi-faceted brand ambassadorship expected to drive awareness, promotional activations and likely short-term attendance/merchandising boosts across major parks. Six Flags Announces Strategic Partnership With NFL Legend Travis Kelce
• Neutral Sentiment: Market and media check: analysts and outlets are re‑pricing FUN after the announcement and publishing valuation takes — these pieces frame the partnership as a potential catalyst but stop short of changing long-term fundamental forecasts. Six Flags Entertainment (FUN) Valuation Check After Travis Kelce Brand Partnership Announcement
• Neutral Sentiment: Widespread press coverage highlights Kelce’s role will span multiple parks (including Cedar Point, Darien Lake, Carowinds), amplifying national reach but leaving questions about measurable, sustained revenue impact. Travis Kelce named brand ambassador for Six Flags, including Darien Lake
• Negative Sentiment: Balance-sheet concerns remain prominent: analysis points to high leverage and reliance on asset sales/operational improvements — issues that could limit upside from marketing initiatives if cash flow and debt reduction aren’t visible. Six Flags: Starting Its Cedar-Fication, But Debt Knocks The Door
• Negative Sentiment: Recent fundamentals are still weak: Six Flags missed on the most recent quarter (EPS miss, shrinking revenue and a negative net margin), which keeps the company vulnerable if the partnership doesn’t translate quickly into higher attendance or pricing power.

Six Flags Entertainment Stock Up 2.7%

Shares of FUN stock opened at $16.00 on Friday. The stock's 50 day simple moving average is $16.82 and its 200 day simple moving average is $18.41. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $39.21. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -1.01 and a beta of 0.36.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.60). Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The company had revenue of $650.09 million for the quarter, compared to the consensus estimate of $602.68 million. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FUN. UBS Group reissued a "buy" rating on shares of Six Flags Entertainment in a research note on Friday, November 21st. Jefferies Financial Group lowered their price target on Six Flags Entertainment from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Tuesday, January 13th. Citigroup lowered Six Flags Entertainment from a "buy" rating to a "neutral" rating and dropped their price target for the company from $25.00 to $20.00 in a research report on Thursday, February 5th. Barclays reissued an "overweight" rating and issued a $22.00 price objective on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Finally, Guggenheim decreased their price objective on Six Flags Entertainment from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $24.62.

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.

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