Six Flags Entertainment (NYSE:FUN) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Six Flags Entertainment (NYSE:FUN) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also weighed in on the company. Barclays increased their price target on Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, May 8th. UBS Group lifted their price objective on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Northcoast Research began coverage on shares of Six Flags Entertainment in a research report on Wednesday, July 8th. They set a “neutral” rating on the stock. Guggenheim reduced their target price on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Weiss Ratings lowered shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Six Flags Entertainment Trading Up 2.8%

Shares of FUN stock opened at $18.12 on Monday. Six Flags Entertainment has a 1 year low of $12.51 and a 1 year high of $31.25. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. The stock’s 50 day simple moving average is $20.45 and its two-hundred day simple moving average is $18.85. The company has a market cap of $1.85 billion, a PE ratio of -1.11 and a beta of 0.40.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.71) by $0.06. The business had revenue of $225.63 million during the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. Research analysts predict that Six Flags Entertainment will post -0.11 earnings per share for the current year.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, Director Marilyn G. Spiegel acquired 2,500 shares of the business’s stock in a transaction 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 transaction, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. The trade was a 19.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard M. Haddrill bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $19.08 per share, with a total value of $190,800.00. Following the completion of the transaction, the insider owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. The trade was a 4.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 265,000 shares of company stock valued at $6,173,850 in the last quarter. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after buying an additional 4,446,104 shares during the period. Rush Island Management LP purchased a new position in shares of Six Flags Entertainment during the second quarter worth approximately $115,454,000. Morgan Stanley raised its stake in shares of Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after acquiring an additional 3,629,445 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Six Flags Entertainment during the fourth quarter valued at approximately $36,661,000. Finally, Barclays PLC boosted its holdings in shares of Six Flags Entertainment by 203.5% in the fourth quarter. Barclays PLC now owns 836,037 shares of the company’s stock valued at $12,825,000 after purchasing an additional 1,643,885 shares during the period. Institutional investors own 64.65% of the company’s stock.

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.