334,932 Shares in Six Flags Entertainment Corporation $FUN Bought by Man Group plc

Man Group plc purchased a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 334,932 shares of the company's stock, valued at approximately $7,134,000. Man Group plc owned about 0.33% of Six Flags Entertainment at the end of the most recent quarter.

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Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atlas Wealth LLC acquired a new stake in shares of Six Flags Entertainment in the first quarter valued at about $26,000. Danske Bank A S acquired a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. raised its holdings in Six Flags Entertainment by 259.7% during the 2nd 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. Allworth Financial LP bought a new position in Six Flags Entertainment during the 2nd quarter worth approximately $35,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company's stock worth $36,000 after purchasing an additional 539 shares during the period. Institutional investors and hedge funds own 64.65% of the company's stock.

Six Flags Entertainment Trading Up 2.0%

Shares of FUN stock opened at $16.28 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 company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -0.94 and a beta of 0.40. Six Flags Entertainment Corporation has a 52-week low of $12.51 and a 52-week high of $27.37. The company has a 50-day simple moving average of $18.30 and a two-hundred day simple moving average of $18.71.

Wall Street Analyst Weigh In

• A New Leader at Six Flags: Is the Roller Coaster Over?

A number of brokerages have recently issued reports on FUN. Citizens Jmp dropped 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. Wall Street Zen cut Six Flags Entertainment from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Six Flags Entertainment in a report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their price target on Six Flags Entertainment from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group set a $15.00 price objective on shares of Six Flags Entertainment in a research report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Six Flags Entertainment currently has an average rating of "Hold" and a consensus price target of $21.93.

View Our Latest Stock Report on Six Flags Entertainment

Insiders Place Their Bets

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

About Six Flags Entertainment

(Free Report)

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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