Six Flags Entertainment (FUN) Expected to Announce Earnings on Thursday

Six Flags Entertainment (NYSE:FUN) is projected to release its results before the market opens on Thursday, February 19th. Analysts expect Six Flags Entertainment to post earnings of ($0.29) per share and revenue of $602.6760 million for the quarter.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $18.04 on Thursday. The firm has a market capitalization of $1.83 billion, a PE ratio of -1.02 and a beta of 0.39. Six Flags Entertainment has a 52-week low of $12.51 and a 52-week high of $48.80. The firm has a 50-day moving average price of $16.05 and a 200 day moving average price of $20.02. The company has a quick ratio of 0.48, a current ratio of 0.58 and a debt-to-equity ratio of 8.16.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays decreased their price target on Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Mizuho cut their target price on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. The Goldman Sachs Group cut their price objective on Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Citigroup cut shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $20.00 in a research note on Thursday, February 5th. Finally, Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus target price of $27.14.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rush Island Management LP purchased a new position in shares of Six Flags Entertainment during the 2nd quarter worth $115,454,000. 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 during the period. HG Vora Capital Management LLC increased its position in Six Flags Entertainment by 55.4% during the third quarter. HG Vora Capital Management LLC now owns 2,175,000 shares of the company’s stock worth $49,416,000 after buying an additional 775,000 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Six Flags Entertainment in the second quarter valued at approximately $15,270,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after acquiring an additional 465,572 shares during the period. 64.65% of the stock is 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.