Six Flags Entertainment Corporation (NYSE:FUN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $24.8462.

Several equities analysts recently weighed in on the stock. Mizuho raised their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. raised shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a research report on Friday, May 8th. Guggenheim dropped their price target on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Zacks Research raised shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group raised their price target on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, May 8th.

Insider Activity

In other Six Flags Entertainment news, insider Richard M. Haddrill purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $19.08 per share, with a total value of $190,800.00. Following the transaction, the insider owned 230,117 shares in the company, valued at $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marilyn G. Spiegel purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the transaction, the director owned 15,161 shares in the company, valued at $289,575.10. This represents a 19.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 15,000 shares of company stock worth $286,350. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors have recently added to or reduced their stakes in FUN. Russell Investments Group Ltd. grew its position in Six Flags Entertainment by 26.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after purchasing an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in 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 purchasing an additional 722 shares in the last quarter. Invesco Ltd. grew its position in Six Flags Entertainment by 2.5% in the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after purchasing an additional 5,775 shares in the last quarter. State Street Corp grew its position in Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after purchasing an additional 27,848 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after purchasing an additional 465,572 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

Six Flags Entertainment Price Performance

Shares of NYSE FUN opened at $20.72 on Wednesday. The firm’s 50-day moving average price is $19.03 and its 200-day moving average price is $17.04. Six Flags Entertainment has a 1-year low of $12.51 and a 1-year high of $33.63. The firm has a market capitalization of $2.12 billion, a P/E ratio of -1.27 and a beta of 0.38. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13.

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

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.