Six Flags Entertainment (NYSE:FUN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Six Flags Entertainment Corporation (NYSE:FUN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.43 and traded as high as $19.59. Six Flags Entertainment shares last traded at $18.8050, with a volume of 1,782,071 shares trading hands.

Analysts Set New Price Targets

FUN has been the topic of several research reports. Jefferies Financial Group decreased their target price on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, January 13th. Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a research report on Friday, February 20th. Mizuho upped their target price on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Truist Financial upped their target price on Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Finally, Barclays reaffirmed an “overweight” rating and issued a $22.00 target price on shares of Six Flags Entertainment in a research report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.69.

Six Flags Entertainment Stock Down 3.8%

The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -1.16 and a beta of 0.32. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.69 and a quick ratio of 0.59. The stock has a 50-day moving average of $17.44 and a 200-day moving average of $17.45.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.Six Flags Entertainment’s quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts predict that Six Flags Entertainment Corporation will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Six Flags Entertainment by 0.5% during the third quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock worth $228,739,000 after buying an additional 53,111 shares in the last quarter. Morgan Stanley grew its position in Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after buying an additional 3,629,445 shares in the last quarter. Darlington Partners Capital Management LP grew its position in Six Flags Entertainment by 20.2% during the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock worth $264,741,000 after buying an additional 1,460,000 shares in the last quarter. UBS Group AG grew its position in Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after buying an additional 4,446,104 shares in the last quarter. Finally, Dendur Capital LP grew its position in Six Flags Entertainment by 6.2% during the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock worth $75,987,000 after buying an additional 290,000 shares in the last quarter. 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.