Six Flags Entertainment Corporation $FUN Shares Bought by UBS Group AG

Key Points

• UBS Group AG boosted its stake in Six Flags by 533.4% in Q4, acquiring an additional 4,446,104 shares to hold 5,279,720 shares (about 5.20% of the company) worth roughly $80.99 million.
• Six Flags reported Q4 EPS of -$0.91 (missing estimates of -$0.31) while generating $650.09 million in revenue (beating estimates), and the company shows a negative net margin (~51.6%) and a high debt-to-equity ratio (9.40).
• Analyst coverage is mixed—seven Buys, five Holds and two Sells—resulting in an average rating of "Hold" and a consensus price target of $23.69.

UBS Group AG increased its holdings in Six Flags Entertainment Corporation (NYSE:FUN - Free Report) by 533.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,279,720 shares of the company's stock after acquiring an additional 4,446,104 shares during the quarter. UBS Group AG owned approximately 5.20% of Six Flags Entertainment worth $80,991,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Six Flags Entertainment by 5.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,095 shares of the company's stock valued at $446,000 after purchasing an additional 1,500 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Six Flags Entertainment by 2.1% in the 4th quarter. State of Alaska Department of Revenue now owns 57,635 shares of the company's stock valued at $883,000 after purchasing an additional 1,165 shares in the last quarter. Sims Investment Management LLC acquired a new position in shares of Six Flags Entertainment in the 4th quarter valued at approximately $506,000. CoreCap Advisors LLC boosted its stake in shares of Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company's stock valued at $25,000 after buying an additional 975 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Six Flags Entertainment by 106.2% during the fourth quarter. SG Americas Securities LLC now owns 39,656 shares of the company's stock worth $608,000 after buying an additional 20,422 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 26th. Citigroup lowered shares of Six Flags Entertainment from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $25.00 to $20.00 in a report on Thursday, February 5th. Jefferies Financial Group dropped their target price on shares of Six Flags Entertainment from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Tuesday, January 13th. Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a research note on Friday, February 20th. Finally, Mizuho lifted their price target on Six Flags Entertainment from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $23.69.

Six Flags Entertainment Stock Performance

FUN stock opened at $18.91 on Monday. The stock's 50 day simple moving average is $17.66 and its 200 day simple moving average is $17.30. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $38.47. The firm has a market cap of $1.93 billion, a P/E ratio of -1.19 and a beta of 0.35. The company has a current ratio of 0.69, a quick ratio of 0.59 and a debt-to-equity ratio of 9.40.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.60). The business had revenue of $650.09 million during the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The firm's revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Six Flags Entertainment Corporation will post -0.39 EPS for the current year.

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.

Want to see what other hedge funds are holding FUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Six Flags Entertainment Corporation (NYSE:FUN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.