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

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have received a consensus recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $25.0714.

Several analysts have issued reports on the company. Northcoast Research began coverage on Six Flags Entertainment in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Citizens Jmp started coverage on shares of Six Flags Entertainment in a report on Monday, June 29th. They issued a “market outperform” rating and a $29.00 target price for the company. Oppenheimer dropped their target price on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Guggenheim cut 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 report on Monday, April 13th. Finally, Weiss Ratings downgraded shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th.

Six Flags Entertainment Stock Down 2.1%

Shares of Six Flags Entertainment stock opened at $17.23 on Thursday. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $33.50. The firm has a market capitalization of $1.76 billion, a PE ratio of -1.06 and a beta of 0.38. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The stock’s fifty day moving average is $20.85 and its 200-day moving average is $18.71.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share 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 analysts anticipate that Six Flags Entertainment will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other Six Flags Entertainment news, insider Richard M. Haddrill bought 10,000 shares of Six Flags Entertainment stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the acquisition, the insider directly owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rehan Jaffer bought 125,000 shares of Six Flags Entertainment stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the acquisition, the director directly owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 265,000 shares of company stock worth $6,173,850. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FUN. Russell Investments Group Ltd. lifted its stake 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 acquiring an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Six Flags Entertainment by 259.7% during 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. Invesco Ltd. grew its stake in Six Flags Entertainment by 2.5% during the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after acquiring an additional 5,775 shares in the last quarter. State Street Corp grew its stake in Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after acquiring an additional 27,848 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Six Flags Entertainment by 249.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after acquiring an additional 465,572 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

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.