Six Flags Entertainment Corporation (NYSE:FUN) Given Consensus Rating of “Hold” by Analysts

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $27.50.

FUN has been the subject of several recent analyst reports. Truist Financial set a $23.00 target price on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Capital One Financial set a $28.00 price objective on Six Flags Entertainment in a research report on Tuesday, October 7th. Jefferies Financial Group lowered their target price on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, January 13th. Zacks Research raised Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Morgan Stanley set a $17.00 price target on Six Flags Entertainment in a research note on Thursday, December 18th.

Six Flags Entertainment Price Performance

Shares of NYSE FUN opened at $17.47 on Thursday. 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 has a market capitalization of $1.77 billion, a PE ratio of -0.99 and a beta of 0.37. Six Flags Entertainment has a 1-year low of $12.51 and a 1-year high of $48.80. The business’s fifty day moving average price is $15.33 and its two-hundred day moving average price is $20.86.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing the consensus estimate of $2.24 by ($14.01). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.21 EPS. On average, research analysts expect that Six Flags Entertainment will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares during the period. Danske Bank A S acquired a new stake in Six Flags Entertainment in the third quarter worth approximately $27,000. Ameritas Advisory Services LLC bought a new position in Six Flags Entertainment during the 3rd quarter valued at $30,000. Allworth Financial LP boosted its stake in Six Flags Entertainment by 1,179.0% during the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after purchasing an additional 1,403 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after purchasing an additional 975 shares during the period. Institutional investors and hedge funds 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.