Six Flags Entertainment (NYSE:FUN) Given New $22.00 Price Target at JPMorgan Chase & Co.

Six Flags Entertainment (NYSE:FUN) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $26.00 to $22.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 36.18% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. UBS Group upped their price target on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Barclays lowered their price objective on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday. Northcoast Research initiated coverage on Six Flags Entertainment in a research report on Wednesday, July 8th. They set a “neutral” rating on the stock. Weiss Ratings lowered Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group set a $15.00 target price on Six Flags Entertainment in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.93.

Six Flags Entertainment Trading Up 1.9%

Shares of NYSE:FUN traded up $0.30 during trading on Tuesday, reaching $16.16. The stock had a trading volume of 302,869 shares, compared to its average volume of 2,199,893. Six Flags Entertainment has a 52 week low of $12.51 and a 52 week high of $27.37. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. The firm’s fifty day moving average is $20.13 and its 200 day moving average is $18.86. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -0.93 and a beta of 0.41.

Insider Activity at Six Flags Entertainment

In other news, Director Rehan Jaffer acquired 125,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the acquisition, the director directly owned 4,900,000 shares in the company, valued at $114,709,000. The trade was a 2.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marilyn G. Spiegel bought 2,500 shares of the stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 252,500 shares of company stock valued at $5,935,250. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Danske Bank A S bought a new stake in shares of Six Flags Entertainment during the third quarter worth about $27,000. Atlas Wealth LLC acquired a new stake in shares of Six Flags Entertainment in the 1st quarter worth about $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Six Flags Entertainment in the 4th quarter worth about $28,000. Finally, Public Employees Retirement System of Ohio lifted its position in Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. Institutional investors and hedge funds 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.