Guggenheim Has Lowered Expectations for Six Flags Entertainment (NYSE:FUN) Stock Price

Six Flags Entertainment (NYSE:FUN) had its target price reduced by Guggenheim from $35.00 to $31.00 in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price indicates a potential upside of 89.67% from the company’s current price.

A number of other analysts have also recently commented on FUN. Mizuho dropped their price target on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Morgan Stanley set a $17.00 target price on Six Flags Entertainment in a report on Thursday, December 18th. Zacks Research raised Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. The Goldman Sachs Group lowered their price target 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and an average price target of $26.86.

Six Flags Entertainment Stock Up 5.1%

NYSE:FUN opened at $16.34 on Tuesday. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. The firm’s 50-day moving average price is $16.14 and its 200-day moving average price is $19.51. The company has a market capitalization of $1.66 billion, a PE ratio of -0.92 and a beta of 0.39. Six Flags Entertainment has a 1-year low of $12.51 and a 1-year high of $48.80.

Institutional Trading of Six Flags Entertainment

Large investors have recently made changes to their positions in the stock. UBS Group AG lifted 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 valued at $80,991,000 after purchasing an additional 4,446,104 shares during the period. JANA Partners Management LP purchased a new stake in Six Flags Entertainment during the 3rd quarter valued at $92,015,000. Rush Island Management LP bought a new position in shares of Six Flags Entertainment during the 2nd quarter valued at $115,454,000. Morgan Stanley boosted its stake in shares of Six Flags Entertainment by 62.1% in the 4th 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 during the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in shares of Six Flags Entertainment in the third quarter worth $70,764,000. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment Company Profile

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.