Six Flags Entertainment (NYSE:FUN) Shares Up 5.2% – Still a Buy?

Six Flags Entertainment Corporation (NYSE:FUN) shares traded up 5.2% on Monday. The company traded as high as $11.95 and last traded at $12.00. Approximately 539,693 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 2,211,618 shares. The stock had previously closed at $11.41.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FUN shares. Barclays dropped their price objective on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Citizens Jmp decreased their target price on Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Friday, August 7th. Mizuho set a $10.00 target price on Six Flags Entertainment and gave the company an “underperform” rating in a report on Friday, August 7th. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Citigroup dropped their price target on Six Flags Entertainment from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.54.

Six Flags Entertainment Stock Up 4.6%

The company has a market cap of $1.22 billion, a PE ratio of -0.69 and a beta of 0.45. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34. The firm’s fifty day simple moving average is $14.38 and its 200-day simple moving average is $17.90.

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

Insider Transactions at Six Flags Entertainment

In related news, CEO John Reilly bought 15,713 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $15.80 per share, with a total value of $248,265.40. Following the purchase, the chief executive officer owned 297,736 shares in the company, valued at $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Six Flags Entertainment

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Six Flags Entertainment in the second quarter worth $339,057,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Six Flags Entertainment in the fourth quarter valued at $36,661,000. Kanen Wealth Management LLC purchased a new stake in shares of Six Flags Entertainment in the first quarter valued at $15,063,000. Bank of New York Mellon Corp acquired a new stake in shares of Six Flags Entertainment during the second quarter valued at $11,975,000. Finally, Clearline Capital LP boosted its stake in shares of Six Flags Entertainment by 2,541.5% during the fourth quarter. Clearline Capital LP now owns 565,495 shares of the company’s stock valued at $8,675,000 after acquiring an additional 544,087 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

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.