Six Flags Entertainment (NYSE:FUN) Shares Gap Up – Should You Buy?

Six Flags Entertainment Corporation (NYSE:FUN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.22, but opened at $17.16. Six Flags Entertainment shares last traded at $17.0490, with a volume of 552,172 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FUN shares. UBS Group reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. The Goldman Sachs Group decreased their price objective on shares of Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Guggenheim dropped their price objective on shares of Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Barclays decreased their target price on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment has an average rating of “Hold” and a consensus target price of $26.86.

Six Flags Entertainment Trading Up 3.9%

The company has a market cap of $1.71 billion, a P/E ratio of -0.96 and a beta of 0.39. The business has a fifty day simple moving average of $16.14 and a 200 day simple moving average of $19.51. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The firm had revenue of $650.09 million for the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment’s quarterly revenue was down 5.4% on a year-over-year basis. Analysts anticipate that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors have recently modified their holdings of FUN. Ameritas Investment Partners Inc. grew its position in Six Flags Entertainment by 4.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock worth $298,000 after purchasing an additional 413 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Six Flags Entertainment by 1.2% in the second quarter. Yousif Capital Management LLC now owns 35,141 shares of the company’s stock valued at $1,069,000 after purchasing an additional 433 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Six Flags Entertainment by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock worth $103,000 after buying an additional 442 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Six Flags Entertainment by 1.0% during the third quarter. State of Alaska Department of Revenue now owns 56,470 shares of the company’s stock valued at $1,282,000 after buying an additional 545 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Six Flags Entertainment by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 14,479 shares of the company’s stock valued at $441,000 after buying an additional 552 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.