Truist Financial Issues Positive Forecast for Six Flags Entertainment (NYSE:FUN) Stock Price

Six Flags Entertainment (NYSE:FUN) had its target price lifted by Truist Financial from $27.00 to $28.00 in a report released on Friday, MarketBeat reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on FUN. The Goldman Sachs Group upped their target price on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Oppenheimer cut their target price on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Zacks Research cut shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Weiss Ratings cut shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Finally, Barclays upped their target price on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus target price of $25.15.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $23.51 on Friday. The company’s 50 day moving average price is $19.91 and its 200 day moving average price is $17.52. Six Flags Entertainment has a 52 week low of $12.51 and a 52 week high of $33.50. The company has a market capitalization of $2.40 billion, a PE ratio of -1.44 and a beta of 0.39. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping the consensus estimate of ($2.71) by $0.06. The company had revenue of $225.63 million during the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. Research analysts expect that Six Flags Entertainment will post -0.28 EPS for the current fiscal year.

Insider Transactions at Six Flags Entertainment

In other Six Flags Entertainment news, Director Marilyn G. Spiegel bought 2,500 shares of Six Flags Entertainment stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director owned 15,161 shares in the company, valued at $289,575.10. The trade was a 19.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard M. Haddrill acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $19.08 per share, with a total value of $190,800.00. Following the transaction, the insider directly owned 230,117 shares of the company’s stock, valued at $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 15,000 shares of company stock valued at $286,350. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Six Flags Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 valued at $86,000 after purchasing an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 722 shares during the last quarter. Invesco Ltd. increased its holdings 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 acquiring an additional 5,775 shares during the last quarter. State Street Corp increased its holdings 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 acquiring an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Six Flags Entertainment by 249.9% during the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after buying an additional 465,572 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.