Six Flags Entertainment (NYSE:FUN) Rating Increased to Hold at Wall Street Zen

Six Flags Entertainment (NYSE:FUN) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other research analysts have also issued reports on FUN. Oppenheimer reduced 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. Truist Financial boosted their price objective on Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Guggenheim reduced their price target on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. JPMorgan Chase & Co. upgraded Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Friday, May 8th. Finally, Weiss Ratings lowered Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.85.

Six Flags Entertainment Trading Up 0.6%

NYSE:FUN opened at $19.84 on Friday. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $35.65. The firm has a market capitalization of $2.03 billion, a P/E ratio of -1.22 and a beta of 0.35. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. The business has a 50 day simple moving average of $18.58 and a 200 day simple moving average of $16.99.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The business had revenue of $225.63 million during the quarter, compared to analyst estimates of $207.49 million. Equities research analysts predict that Six Flags Entertainment will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other news, insider Richard M. Haddrill acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $19.08 per share, with a total value of $190,800.00. Following the purchase, the insider owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. This represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marilyn G. Spiegel acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $19.12 per share, for a total transaction of $47,800.00. Following the purchase, the director directly owned 12,661 shares in the company, valued at approximately $242,078.32. This represents a 24.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.10% of the company’s stock.

Institutional Trading of Six Flags Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Six Flags Entertainment by 0.5% during the third quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock worth $228,739,000 after purchasing an additional 53,111 shares during the period. Morgan Stanley raised its position in shares of Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after purchasing an additional 3,629,445 shares during the period. Darlington Partners Capital Management LP raised its position in shares of 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 purchasing an additional 1,460,000 shares during the period. UBS Group AG raised its position in shares of Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after purchasing an additional 4,446,104 shares during the period. Finally, Dendur Capital LP raised its position in shares of Six Flags Entertainment by 6.2% during the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock worth $75,987,000 after purchasing an additional 290,000 shares during the period. Institutional investors own 64.65% of the company’s stock.

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.