Deutsche Bank AG Purchases Shares of 108,777 Six Flags Entertainment Corporation $FUN

Key Points

• Deutsche Bank acquired 108,777 Six Flags shares during the second quarter, valued at approximately $2.3 million, giving it a 0.11% stake. Institutional investors collectively own 64.65% of the company.
• Six Flags shares opened at $15.96, down 1.1%, and remain well below their 52-week high of $27.37. The company has elevated leverage, with a debt-to-equity ratio of 43.34, and weak liquidity ratios.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and a $21.93 target price. Insiders have been buying, including CEO John Reilly’s purchase of 15,713 shares and 265,713 shares bought by insiders over the past quarter.

Deutsche Bank AG acquired a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 108,777 shares of the company's stock, valued at approximately $2,317,000. Deutsche Bank AG owned about 0.11% of Six Flags Entertainment as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Atlas Wealth LLC purchased a new position in Six Flags Entertainment during the 1st quarter valued at approximately $26,000. Danske Bank A S purchased a new position in shares of Six Flags Entertainment in the third quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Six Flags Entertainment in the fourth quarter worth $28,000. Northwestern Mutual Wealth Management Co. increased its position in 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 worth $30,000 after purchasing an additional 722 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Six Flags Entertainment by 36.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company's stock valued at $36,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company's stock.

Six Flags Entertainment Trading Down 1.1%

FUN opened at $15.96 on Friday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. The stock's 50 day moving average price is $18.47 and its 200-day moving average price is $18.72. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $27.37. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -0.92 and a beta of 0.40.

Analyst Ratings Changes

FUN has been the subject of several research reports. Northcoast Research began coverage on shares of Six Flags Entertainment in a research report on Wednesday, July 8th. They set a "neutral" rating for the company. Citigroup restated a "neutral" rating on shares of Six Flags Entertainment in a research report on Friday, August 7th. The Goldman Sachs Group set a $15.00 price target on shares of Six Flags Entertainment in a report on Friday, August 7th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. Finally, Citizens Jmp reduced their price objective on Six Flags Entertainment from $29.00 to $24.00 and set a "market outperform" rating on the stock in a research note on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Six Flags Entertainment has a consensus rating of "Hold" and a consensus target price of $21.93.

Insider Buying and Selling at Six Flags Entertainment

In related news, Director Rehan Jaffer purchased 125,000 shares of the business's stock in a transaction dated Monday, June 15th. The shares were purchased at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the acquisition, the director owned 4,900,000 shares in the company, valued at approximately $114,709,000. This trade represents a 2.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John T. Reilly purchased 15,713 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the purchase, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have bought 265,713 shares of company stock valued at $6,135,765. Corporate insiders own 2.10% of the company's stock.

About Six Flags Entertainment

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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