Voya Investment Management LLC Has $891,000 Stock Holdings in Six Flags Entertainment Corporation $FUN

Key Points

• Voya Investment Management LLC reduced its stake in Six Flags Entertainment Corporation by 46.0%, holding 24,972 shares worth $891,000 at the end of the first quarter.
• Several analysts have downgraded Six Flags Entertainment's stock ratings, with price targets ranging from $27.00 to $34.00, indicating a consensus rating of "Moderate Buy."
• Six Flags reported a quarterly EPS of $0.26, missing estimates by $0.53, along with a negative net margin of 14.92% in its latest financial results.

Voya Investment Management LLC decreased its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN - Free Report) by 46.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,972 shares of the company's stock after selling 21,243 shares during the quarter. Voya Investment Management LLC's holdings in Six Flags Entertainment were worth $891,000 at the end of the most recent reporting period.

Separately, Peregrine Capital Management LLC lifted its holdings in shares of Six Flags Entertainment by 7.5% during the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company's stock worth $4,691,000 after buying an additional 9,231 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group decreased their price target on Six Flags Entertainment from $40.00 to $34.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Truist Financial lowered Six Flags Entertainment from a "buy" rating to a "hold" rating and set a $27.00 price objective on the stock. in a research note on Wednesday, September 3rd. Mizuho cut their price objective on Six Flags Entertainment from $36.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Wall Street Zen lowered Six Flags Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Finally, Barclays dropped their price target on Six Flags Entertainment from $40.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Six Flags Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $36.36.

Six Flags Entertainment Stock Down 1.2%

Shares of NYSE:FUN opened at $22.13 on Thursday. Six Flags Entertainment Corporation has a 1 year low of $21.26 and a 1 year high of $49.77. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42. The business has a fifty day moving average price of $25.98 and a two-hundred day moving average price of $30.97. The company has a market capitalization of $2.24 billion, a PE ratio of -4.56 and a beta of 0.72.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.53). Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The firm had revenue of $930.39 million for the quarter, compared to analysts' expectations of $999.82 million. The firm's revenue was up 62.8% on a year-over-year basis. Analysts forecast that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

About Six Flags Entertainment

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.

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