Six Flags Entertainment Corporation (NYSE:FUN) Receives $25.07 Average Target Price from Brokerages

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been given an average recommendation of “Hold” by the sixteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.00.

A number of equities analysts have recently issued reports on FUN shares. Oppenheimer dropped their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. The Goldman Sachs Group increased their target price on Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Guggenheim dropped their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Northcoast Research assumed coverage on Six Flags Entertainment in a research note on Wednesday, July 8th. They set a “neutral” rating for the company.

Insider Transactions at Six Flags Entertainment

In other Six Flags Entertainment news, Director Marilyn G. Spiegel acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the acquisition, the director owned 15,161 shares in the company, valued at $289,575.10. This represents a 19.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rehan Jaffer bought 125,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the transaction, the director directly owned 4,900,000 shares of the company’s stock, valued at $114,709,000. This trade represents a 2.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 265,000 shares of company stock worth $6,173,850 in the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC lifted its holdings in Six Flags Entertainment by 69.8% during the second quarter. Wedge Capital Management L L P NC now owns 56,501 shares of the company’s stock valued at $1,203,000 after purchasing an additional 23,223 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Six Flags Entertainment by 17.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 27,900 shares of the company’s stock valued at $594,000 after purchasing an additional 4,100 shares during the last quarter. Kanen Wealth Management LLC purchased a new position in Six Flags Entertainment during the 1st quarter valued at approximately $15,063,000. California State Teachers Retirement System grew its holdings in shares of Six Flags Entertainment by 29.0% in the first quarter. California State Teachers Retirement System now owns 118,782 shares of the company’s stock valued at $2,108,000 after purchasing an additional 26,697 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Six Flags Entertainment by 13.5% in the 1st quarter. Royal Bank of Canada now owns 86,303 shares of the company’s stock worth $1,533,000 after buying an additional 10,294 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Stock Down 1.7%

Shares of Six Flags Entertainment stock opened at $18.41 on Thursday. Six Flags Entertainment has a twelve month low of $12.51 and a twelve month high of $31.25. 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 company’s 50 day moving average is $20.63 and its 200 day moving average is $18.80. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -1.13 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The business had revenue of $225.63 million during the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. Research analysts anticipate that Six Flags Entertainment will post -0.28 EPS for the current year.

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.