Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Consensus Price Target of $16.92

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been assigned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.92.

Several research firms have issued reports on FUN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. Oppenheimer cut their price objective on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. reduced their target price on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Mizuho set a $5.00 target price on shares of Six Flags Entertainment in a report on Wednesday, October 21st.

Insider Transactions at Six Flags Entertainment

In other news, CEO John Reilly purchased 15,713 shares of Six Flags Entertainment stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the transaction, the chief executive officer directly owned 297,736 shares in the company, valued at approximately $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Six Flags Entertainment

Several hedge funds have recently modified their holdings of the company. State of Wyoming increased its stake in shares of Six Flags Entertainment by 27.3% in the third quarter. State of Wyoming now owns 33,581 shares of the company’s stock valued at $360,000 after buying an additional 7,194 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Six Flags Entertainment by 138.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock valued at $519,000 after buying an additional 28,200 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Six Flags Entertainment by 846.3% in the third quarter. Sterling Capital Management LLC now owns 3,227 shares of the company’s stock valued at $35,000 after buying an additional 2,886 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Six Flags Entertainment during the 3rd quarter worth about $177,000. Finally, WINTON GROUP Ltd lifted its position in Six Flags Entertainment by 22.9% during the 2nd quarter. WINTON GROUP Ltd now owns 241,990 shares of the company’s stock worth $5,154,000 after buying an additional 45,158 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Trading Up 3.1%

FUN stock opened at $7.71 on Friday. Six Flags Entertainment has a 1-year low of $6.60 and a 1-year high of $26.28. The firm has a market cap of $789.30 million, a P/E ratio of -0.45 and a beta of 0.45. The business’s 50 day moving average is $11.67 and its 200-day moving average is $16.88. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.15). The company had revenue of $864.92 million for the quarter, compared to the consensus estimate of $928.36 million. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. Six Flags Entertainment’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. Equities analysts anticipate that Six Flags Entertainment will post -0.91 earnings per share for the current fiscal year.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a regional theme park operator headquartered in Charlotte, North Carolina. The company owns and operates amusement parks, water parks and resort properties, offering roller coasters, family rides, live entertainment, seasonal events, food and beverage, merchandise, and other guest experiences. Its portfolio includes parks operating under the Six Flags, Cedar Fair and affiliated brand names, including Six Flags Great Adventure, Cedar Point, Knott’s Berry Farm and Kings Island.

The company serves guests primarily in the United States, as well as in Canada and Mexico.