Six Flags Entertainment (NYSE:FUN) Trading 5.7% Higher – Time to Buy?

Shares of Six Flags Entertainment Corporation (NYSE:FUN) rose 5.7% on Friday . The company traded as high as $19.59 and last traded at $19.7040. 195,834 shares changed hands during trading, a decline of 91% from the average daily volume of 2,157,523 shares. The stock had previously closed at $18.65.

Analyst Ratings Changes

A number of research firms have commented on FUN. Citigroup reduced their price objective on Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays raised their target price on Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Oppenheimer cut their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Citizens Jmp assumed coverage on shares of Six Flags Entertainment in a research report on Monday, June 29th. They set a “market outperform” rating and a $29.00 price target on the stock. Finally, JPMorgan Chase & Co. raised shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Six Flags Entertainment has a consensus rating of “Hold” and an average price target of $25.07.

Six Flags Entertainment Stock Performance

The firm has a fifty day moving average of $21.09 and a 200-day moving average of $18.47. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The firm has a market cap of $2.01 billion, a P/E ratio of -1.21 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share 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 analysts’ expectations of $207.49 million. Research analysts predict that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Six Flags Entertainment news, Director Marilyn G. Spiegel acquired 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the acquisition, the director directly owned 15,161 shares of the company’s stock, valued at approximately $289,575.10. This represents a 19.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard M. Haddrill acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the acquisition, the insider directly owned 230,117 shares of the company’s stock, valued at $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 265,000 shares of company stock valued at $6,173,850 over the last ninety days. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FUN. CoreCap Advisors LLC boosted its position in shares of Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after purchasing an additional 975 shares during the last quarter. Atlas Wealth LLC bought a new stake in Six Flags Entertainment in the first quarter valued at about $26,000. Danske Bank A S bought a new stake in Six Flags Entertainment in the third quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Six Flags Entertainment in the fourth quarter valued at about $28,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $30,000 after buying an additional 722 shares during the period. Institutional investors and hedge funds own 64.65% 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.