Six Flags Entertainment Corporation (NYSE:FUN) Receives Average Recommendation of “Hold” from Analysts

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have earned an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.1538.

A number of research firms recently commented on FUN. Citigroup lifted their price objective on Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Truist Financial raised their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Barclays raised their price target on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, JPMorgan Chase & Co. raised Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a research note on Friday, May 8th.

Six Flags Entertainment Trading Down 2.5%

Six Flags Entertainment stock opened at $21.90 on Friday. The stock has a market cap of $2.24 billion, a PE ratio of -1.34 and a beta of 0.39. The stock has a 50-day moving average price of $20.90 and a 200 day moving average price of $18.11. Six Flags Entertainment has a 52 week low of $12.51 and a 52 week high of $33.50. 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 posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The firm had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. Equities research analysts predict that Six Flags Entertainment will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Six Flags Entertainment news, Director Marilyn G. Spiegel purchased 2,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $19.10 per share, with a total value of $47,750.00. Following the purchase, the director owned 15,161 shares in the company, valued at approximately $289,575.10. This represents a 19.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Richard M. Haddrill purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the purchase, the insider owned 230,117 shares in the company, valued at $4,390,632.36. The trade was a 4.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 265,000 shares of company stock valued at $6,173,850. Insiders own 2.10% of the company’s stock.

Institutional Trading of Six Flags Entertainment

A number of hedge funds have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC acquired a new stake in Six Flags Entertainment in the 1st quarter worth about $15,063,000. California State Teachers Retirement System lifted its stake in shares of Six Flags Entertainment by 29.0% in the 1st quarter. California State Teachers Retirement System now owns 118,782 shares of the company’s stock valued at $2,108,000 after purchasing an additional 26,697 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Six Flags Entertainment by 13.5% in the 1st quarter. Royal Bank of Canada now owns 86,303 shares of the company’s stock valued at $1,533,000 after purchasing an additional 10,294 shares in the last quarter. Saba Capital Management L.P. lifted its stake in shares of Six Flags Entertainment by 12.5% in the 1st quarter. Saba Capital Management L.P. now owns 112,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 12,500 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

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.