Six Flags Entertainment Corporation $FUN Shares Bought by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors more than doubled its stake in Six Flags Entertainment in the fourth quarter, buying an additional 66,263 shares and bringing its total holding to 128,276 shares worth about $1.97 million.
• Insiders also bought shares, including a 10,000-share purchase by Richard M. Haddrill and a 2,500-share purchase by Marilyn G. Spiegel, signaling recent insider confidence in the company.
• Six Flags reported mixed quarterly results: it beat EPS and revenue estimates, but still posted a loss, while analysts currently hold a consensus Moderate Buy rating with a target price of $24.85.

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN - Free Report) by 106.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,276 shares of the company's stock after purchasing an additional 66,263 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.13% of Six Flags Entertainment worth $1,968,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Six Flags Entertainment by 31.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,642 shares of the company's stock valued at $117,000 after buying an additional 1,822 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Six Flags Entertainment by 54.3% during the 4th quarter. Larson Financial Group LLC now owns 5,379 shares of the company's stock valued at $83,000 after acquiring an additional 1,892 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Six Flags Entertainment by 7.7% during the 4th quarter. Handelsbanken Fonder AB now owns 23,800 shares of the company's stock worth $365,000 after acquiring an additional 1,700 shares in the last quarter. Arena Capital Advisors LLC CA bought a new stake in shares of Six Flags Entertainment during the 4th quarter worth $153,000. Finally, Winslow Asset Management Inc. acquired a new position in shares of Six Flags Entertainment in the 4th quarter worth $183,000. 64.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Richard M. Haddrill purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the acquisition, the insider owned 230,117 shares in the company, valued at $4,390,632.36. This trade represents a 4.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marilyn G. Spiegel acquired 2,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares of the company's stock, valued at $289,575.10. This represents a 19.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 15,000 shares of company stock valued at $286,350 over the last three months. 2.10% of the stock is owned by insiders.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $20.32 on Friday. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -1.25 and a beta of 0.35. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $34.96. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13. The stock's fifty day simple moving average is $18.89 and its 200-day simple moving average is $16.97.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The firm had revenue of $225.63 million during the quarter, compared to the consensus estimate of $207.49 million. On average, sell-side analysts predict that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FUN has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Six Flags Entertainment from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. Barclays lifted their price target on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, May 8th. Mizuho boosted their price objective on Six Flags Entertainment from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. Morgan Stanley set a $18.00 price objective on shares of Six Flags Entertainment in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. raised shares of Six Flags Entertainment from an "underweight" rating to a "neutral" rating and set a $26.00 target price on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Six Flags Entertainment has a consensus rating of "Moderate Buy" and a consensus price target of $24.85.

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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