Six Flags Entertainment Corporation (NYSE:FUN) Receives Average Recommendation of “Hold” from Analysts

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.00.

Several analysts have commented on FUN shares. Citizens Jmp assumed coverage on shares of Six Flags Entertainment in a research note on Monday, June 29th. They issued a “market outperform” rating and a $29.00 price target on the stock. Oppenheimer cut their price objective 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. Citigroup decreased their target price on Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Wall Street Zen downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Truist Financial increased their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 12th.

Insider Transactions at Six Flags Entertainment

In other news, Director Rehan Jaffer acquired 125,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $23.41 per share, with a total value of $2,926,250.00. Following the acquisition, the director directly owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. The trade was a 2.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard M. Haddrill bought 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $19.08 per share, with a total value of $190,800.00. Following the completion of the transaction, the insider directly owned 230,117 shares in the company, valued at approximately $4,390,632.36. The trade was a 4.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 265,000 shares of company stock valued at $6,173,850 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of the business. UBS Group AG increased its holdings in shares of Six Flags Entertainment by 533.4% in the 4th 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 during the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of Six Flags Entertainment by 106.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company’s stock valued at $1,968,000 after buying an additional 66,263 shares in the last quarter. Havemeyer Place LP bought a new position in shares of Six Flags Entertainment in the 4th quarter valued at about $1,289,000. Lee Danner & Bass Inc. bought a new position in shares of Six Flags Entertainment in the 1st quarter valued at about $2,089,000. Finally, ING Groep NV grew its position in Six Flags Entertainment by 70.7% in the fourth quarter. ING Groep NV now owns 1,046,000 shares of the company’s stock worth $16,046,000 after acquiring an additional 433,100 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Price Performance

FUN stock opened at $17.63 on Thursday. Six Flags Entertainment has a one year low of $12.51 and a one year high of $31.99. The company’s fifty day moving average price is $20.67 and its 200-day moving average price is $18.76. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $1.80 billion, a PE ratio of -1.08 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.06. The company had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. On average, equities analysts anticipate that Six Flags Entertainment will post -0.28 EPS 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.