Six Flags Entertainment (NYSE:FUN) Sets New 52-Week Low – Here’s Why

Shares of Six Flags Entertainment Corporation (NYSE:FUN) reached a new 52-week low on Tuesday. The stock traded as low as $10.15 and last traded at $10.4080, with a volume of 1,068,764 shares. The stock had previously closed at $11.92.

Analyst Ratings Changes

FUN has been the subject of a number of research analyst reports. Oppenheimer decreased their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. 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 report on Tuesday, August 11th. Truist Financial cut their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Citizens Jmp decreased their price objective on Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus target price of $20.54.

Six Flags Entertainment Stock Performance

The stock’s 50 day moving average price is $14.26 and its 200 day moving average price is $17.86. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -0.59 and a beta of 0.45.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.15). The company had revenue of $864.92 million during the quarter, compared to the consensus estimate of $928.36 million. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. Six Flags Entertainment’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. Analysts expect that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO John Reilly purchased 15,713 shares of Six Flags Entertainment stock in a transaction that occurred on 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 transaction, the chief executive officer owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Six Flags Entertainment in the second quarter valued at $339,057,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Six Flags Entertainment during the fourth quarter worth $36,661,000. Invenomic Capital Management LP increased its holdings in Six Flags Entertainment by 38.9% during the fourth quarter. Invenomic Capital Management LP now owns 1,436,617 shares of the company’s stock worth $22,038,000 after buying an additional 402,329 shares during the last quarter. Kanen Wealth Management LLC acquired a new position in Six Flags Entertainment during the first quarter worth $15,063,000. Finally, Bank of New York Mellon Corp acquired a new position in Six Flags Entertainment during the second quarter worth $11,975,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.