Six Flags Entertainment (NYSE:FUN) Trading Up 8.9% – Should You Buy?

Six Flags Entertainment Corporation (NYSE:FUN)’s share price was up 8.9% during trading on Monday . The company traded as high as $22.27 and last traded at $22.5560. Approximately 428,385 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 2,083,082 shares. The stock had previously closed at $20.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FUN shares. Citigroup raised their price target on Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Oppenheimer cut their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Wall Street Zen raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a report on Friday, February 20th. Finally, Barclays lifted their price objective on Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus target price of $24.85.

Six Flags Entertainment Stock Performance

The company has a 50-day moving average of $19.54 and a 200 day moving average of $17.32. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The firm has a market capitalization of $2.29 billion, a PE ratio of -1.38 and a beta of 0.39.

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. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The business had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Equities research analysts predict that Six Flags Entertainment Corporation will post -0.28 EPS for the current year.

Insider Activity

In other news, insider Richard M. Haddrill purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $19.08 per share, with a total value of $190,800.00. Following the completion of the purchase, the insider directly owned 230,117 shares in the company, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marilyn G. Spiegel purchased 2,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $19.10 per share, with a total value of $47,750.00. Following the purchase, the director owned 15,161 shares of the company’s stock, valued at approximately $289,575.10. The trade was a 19.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 15,000 shares of company stock valued at $286,350. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds have recently added to or reduced their stakes in FUN. Russell Investments Group Ltd. lifted its stake in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after purchasing an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 722 shares during the last quarter. Invesco Ltd. lifted its stake in Six Flags Entertainment by 2.5% during the second quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after purchasing an additional 5,775 shares during the last quarter. State Street Corp lifted its stake in Six Flags Entertainment by 0.8% during the second quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after purchasing an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Six Flags Entertainment by 249.9% during the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after purchasing an additional 465,572 shares during the last quarter. 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.