Six Flags Entertainment (NYSE:FUN) Stock Price Down 7.4% – What’s Next?

Six Flags Entertainment Corporation (NYSE:FUN)’s share price traded down 7.4% during trading on Monday . The company traded as low as $20.58 and last traded at $20.3820. 217,547 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 2,110,807 shares. The stock had previously closed at $22.01.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho increased their price target on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upgraded Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research note on Friday. The Goldman Sachs Group increased their price target on Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer decreased their price target on 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. Finally, Zacks Research raised Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.85.

Six Flags Entertainment Stock Performance

The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -1.24 and a beta of 0.35. The firm has a fifty day moving average of $17.84 and a 200 day moving average of $17.28. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62.

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 firm had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. On average, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of FUN. UBS Group AG boosted its position in Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after purchasing an additional 4,446,104 shares in the last quarter. JANA Partners Management LP purchased a new position in Six Flags Entertainment during the third quarter worth approximately $92,015,000. Rush Island Management LP purchased a new position in Six Flags Entertainment during the second quarter worth approximately $115,454,000. Morgan Stanley boosted its position in Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after purchasing an additional 3,629,445 shares in the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new position in Six Flags Entertainment during the third quarter worth approximately $70,764,000. 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.