Six Flags Entertainment Corporation (NYSE:FUN) Given Average Recommendation of “Moderate Buy” by Brokerages

Six Flags Entertainment Corporation (NYSE:FUN) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $25.4286.

Several equities research analysts have recently commented on FUN shares. Weiss Ratings lowered Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. UBS Group lifted their price objective on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Barclays boosted their target price on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Zacks Research lowered Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, Oppenheimer dropped their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, Director Marilyn G. Spiegel purchased 2,500 shares of the stock in a transaction dated 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 transaction, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard M. Haddrill acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $19.08 per share, with a total value of $190,800.00. Following the completion of the purchase, the insider owned 230,117 shares in the company, valued at approximately $4,390,632.36. This represents a 4.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 265,000 shares of company stock worth $6,173,850. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Six Flags Entertainment

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

Six Flags Entertainment Stock Performance

Shares of FUN opened at $20.99 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. Six Flags Entertainment has a 52-week low of $12.51 and a 52-week high of $33.50. The company has a 50-day simple moving average of $21.05 and a 200-day simple moving average of $18.32. The company has a market capitalization of $2.15 billion, a PE ratio of -1.29 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results 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 negative net margin of 52.76% and a positive return on equity of 5.17%. The company had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Equities research analysts predict that Six Flags Entertainment will post -0.28 earnings per share for the current fiscal year.

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.