Six Flags Entertainment (NYSE:FUN) Price Target Raised to $27.00

Six Flags Entertainment (NYSE:FUN) had its target price raised by Truist Financial from $23.00 to $27.00 in a research report report published on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

FUN has been the topic of several other reports. Mizuho raised their target price on Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. Citigroup cut Six Flags Entertainment from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $20.00 in a report on Thursday, February 5th. Barclays reiterated an “overweight” rating and issued a $22.00 price objective on shares of Six Flags Entertainment in a research report on Monday, February 23rd. Finally, Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a research note on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.92.

Six Flags Entertainment Trading Down 6.1%

NYSE:FUN opened at $16.61 on Thursday. The firm has a market capitalization of $1.69 billion, a P/E ratio of -1.05 and a beta of 0.36. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40. The company has a fifty day moving average of $17.10 and a 200 day moving average of $17.94. Six Flags Entertainment has a 52 week low of $12.51 and a 52 week high of $38.47.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The firm had revenue of $650.09 million during the quarter, compared to the consensus estimate of $602.68 million. Six Flags Entertainment’s revenue was down 5.4% on a year-over-year basis. On average, research analysts predict that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Institutional Trading of Six Flags Entertainment

Large investors have recently bought and sold shares of the company. UBS Group AG grew its holdings in shares of Six Flags Entertainment by 533.4% during the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after acquiring an additional 4,446,104 shares during the period. JANA Partners Management LP bought a new stake in shares of Six Flags Entertainment during the third quarter valued at approximately $92,015,000. Rush Island Management LP bought a new stake in shares of Six Flags Entertainment during the second quarter valued at approximately $115,454,000. Morgan Stanley grew its stake in Six Flags Entertainment by 62.1% in 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 during the period. Finally, EdgePoint Investment Group Inc. purchased a new stake in Six Flags Entertainment in the third quarter worth $70,764,000. 64.65% of the stock is owned by institutional investors.

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.