Six Flags Entertainment (NYSE:FUN) Stock Price Target Lowered at Citigroup

Six Flags Entertainment (NYSE:FUN) had its target price reduced by Citigroup from $17.00 to $13.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 14.18% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Mizuho set a $10.00 price target on Six Flags Entertainment and gave the stock an “underperform” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. UBS Group lifted their price objective on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Northcoast Research assumed coverage on shares of Six Flags Entertainment in a report on Wednesday, July 8th. They issued a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.54.

Six Flags Entertainment Price Performance

Shares of NYSE FUN traded down $0.24 on Thursday, hitting $11.39. The company’s stock had a trading volume of 3,662,622 shares, compared to its average volume of 2,222,388. The stock has a 50 day moving average of $14.62 and a 200-day moving average of $17.97. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -0.66 and a beta of 0.45. Six Flags Entertainment has a 12-month low of $10.45 and a 12-month high of $27.37. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%.The business had revenue of $864.92 million for the quarter, compared to analysts’ expectations of $928.36 million. During the same period last year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, research analysts predict that Six Flags Entertainment will post -0.91 EPS for the current year.

Insider Activity at Six Flags Entertainment

In other Six Flags Entertainment news, CEO John Reilly bought 15,713 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the purchase, the chief executive officer owned 297,736 shares of the company’s stock, valued at $4,704,228.80. This trade represents a 5.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Six Flags Entertainment

A number of hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd grew its holdings in Six Flags Entertainment by 22.9% in the 2nd quarter. WINTON GROUP Ltd now owns 241,990 shares of the company’s stock valued at $5,154,000 after buying an additional 45,158 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Six Flags Entertainment in the second quarter worth approximately $898,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Six Flags Entertainment in the second quarter worth approximately $31,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Six Flags Entertainment in the second quarter valued at approximately $432,000. Finally, Ameritas Advisory Services LLC acquired a new position in Six Flags Entertainment during the second quarter worth approximately $54,000. 64.65% of the stock is owned by institutional investors and hedge funds.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.