Six Flags Entertainment (NYSE:FUN) Shares Gap Up – Should You Buy?

Six Flags Entertainment Corporation (NYSE:FUN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.22, but opened at $17.16. Six Flags Entertainment shares last traded at $17.0490, with a volume of 552,172 shares traded.

Analyst Ratings Changes

FUN has been the subject of a number of research reports. Jefferies Financial Group cut their target price on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 13th. Barclays cut their price objective on Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. UBS Group reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Citigroup downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $20.00 in a research report on Thursday, February 5th. Finally, Truist Financial set a $23.00 price objective on Six Flags Entertainment and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.86.

Six Flags Entertainment Trading Up 3.9%

The business has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $19.51. The company has a current ratio of 0.58, a quick ratio of 0.48 and a debt-to-equity ratio of 8.16. The company has a market cap of $1.71 billion, a PE ratio of -0.96 and a beta of 0.39.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The business had revenue of $650.09 million during the quarter, compared to analyst estimates of $602.68 million. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts forecast that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC raised its stake in Six Flags Entertainment by 145.5% during the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after purchasing an additional 975 shares during the period. Danske Bank A S acquired a new stake in shares of Six Flags Entertainment during the 3rd quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Six Flags Entertainment in the 4th quarter worth $28,000. Ameritas Advisory Services LLC purchased a new position in shares of Six Flags Entertainment in the 3rd quarter worth $30,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 722 shares during 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.