Guggenheim Cuts Six Flags Entertainment (NYSE:FUN) Price Target to $29.00

Six Flags Entertainment (NYSE:FUN) had its price objective reduced by Guggenheim from $33.00 to $29.00 in a report issued on Monday,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a report on Friday, February 20th. Oppenheimer reduced their price target on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Barclays reiterated an “overweight” rating and set a $22.00 price target on shares of Six Flags Entertainment in a research report on Monday, February 23rd. Citigroup lowered shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Thursday, February 5th. Finally, Truist Financial increased 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 report on Thursday, March 26th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.69.

Six Flags Entertainment Trading Down 2.5%

Shares of FUN stock opened at $19.59 on Monday. The firm has a 50 day moving average price of $17.29 and a two-hundred day moving average price of $17.57. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40. The company has a market capitalization of $2.00 billion, a PE ratio of -1.23 and a beta of 0.32. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $38.47.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The company had revenue of $650.09 million for 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 business’s revenue was down 5.4% compared to the same quarter last year. As a group, analysts predict that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUN. CoreCap Advisors LLC lifted its stake in Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after purchasing an additional 975 shares during the last quarter. Danske Bank A S bought a new position in Six Flags Entertainment in the 3rd quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Six Flags Entertainment in the 4th quarter valued at approximately $28,000. Ameritas Advisory Services LLC bought a new position in Six Flags Entertainment in the 3rd quarter valued at approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

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.