Six Flags Entertainment Corporation (NYSE:FUN) Receives Average Rating of “Hold” from Analysts

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $28.0714.

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a report on Wednesday, October 8th. Citigroup lowered their price objective on Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Capital One Financial set a $28.00 target price on shares of Six Flags Entertainment in a report on Tuesday, October 7th. Mizuho lowered their price target on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Finally, Stifel Nicolaus dropped their price objective on shares of Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, November 10th.

Six Flags Entertainment Price Performance

Shares of FUN opened at $15.89 on Friday. The company has a market cap of $1.61 billion, a P/E ratio of -0.90 and a beta of 0.37. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $48.80. The company has a quick ratio of 0.48, a current ratio of 0.58 and a debt-to-equity ratio of 8.16. The firm’s 50 day moving average price is $15.34 and its 200 day moving average price is $22.17.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing the consensus estimate of $2.24 by ($14.01). Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $4.21 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts forecast that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Six Flags Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of FUN. Danske Bank A S purchased a new stake in Six Flags Entertainment in the third quarter valued at approximately $27,000. Ameritas Advisory Services LLC acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 722 shares during the period. Allworth Financial LP raised its position in Six Flags Entertainment by 1,179.0% in the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after purchasing an additional 1,403 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Six Flags Entertainment by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock worth $55,000 after purchasing an additional 884 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.