Six Flags Entertainment Corporation (NYSE:FUN) Receives $21.93 Average Price Target from Analysts

Six Flags Entertainment Corporation (NYSE:FUN) has received an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.9286.

A number of research analysts have recently commented on the company. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Mizuho set a $10.00 price objective on Six Flags Entertainment and gave the stock an “underperform” rating in a research report on Friday, August 7th. Citigroup reaffirmed a “neutral” rating on shares of Six Flags Entertainment in a report on Friday, August 7th. JPMorgan Chase & Co. lowered their target price on Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Finally, Truist Financial increased their target price on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 12th.

Six Flags Entertainment Price Performance

Shares of NYSE:FUN opened at $16.90 on Monday. The firm has a 50 day simple moving average of $19.40 and a 200 day simple moving average of $18.79. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -0.98 and a beta of 0.40. Six Flags Entertainment has a one year low of $12.51 and a one year high of $27.37. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36.

Insider Activity at Six Flags Entertainment

In other Six Flags Entertainment news, CEO John T. Reilly acquired 15,713 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the acquisition, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer bought 125,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the transaction, the director owned 4,900,000 shares in the company, valued at $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 265,713 shares of company stock valued at $6,135,765 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Six Flags Entertainment by 36.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after purchasing an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Six Flags Entertainment by 259.7% in the second 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 period. CIBC Private Wealth Group LLC increased its holdings in Six Flags Entertainment by 26.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock valued at $82,000 after purchasing an additional 748 shares during the period. Finally, Corient Private Wealth LLC raised its position in Six Flags Entertainment by 10.6% during the 2nd quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock worth $283,000 after purchasing an additional 888 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.