Six Flags Entertainment (NYSE:FUN) Shares Down 8.9% – Should You Sell?

Shares of Six Flags Entertainment Corporation (NYSE:FUN) fell 8.9% on Monday . The stock traded as low as $16.66 and last traded at $16.61. 416,184 shares traded hands during trading, a decline of 84% from the average session volume of 2,527,079 shares. The stock had previously closed at $18.24.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FUN. Mizuho upped their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group lowered their price target on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 13th. Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. UBS Group reaffirmed a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Finally, Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a report on Friday. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.79.

Six Flags Entertainment Stock Down 9.1%

The business has a fifty day moving average price of $16.26 and a two-hundred day moving average price of $19.30. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -1.05 and a beta of 0.38. The company has a debt-to-equity ratio of 9.42, a current ratio of 0.58 and a quick ratio of 0.48.

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 analysts’ consensus estimates of ($0.31) by ($0.60). The company had revenue of $650.09 million during the quarter, compared to analysts’ expectations of $602.68 million. Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The business’s revenue was down 5.4% compared to the same quarter last year. On average, equities analysts expect that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in shares of Six Flags Entertainment by 32.0% during the fourth quarter. Invesco Ltd. now owns 461,411 shares of the company’s stock worth $7,078,000 after purchasing an additional 111,931 shares during the period. Creek Drive Management Group LLC acquired a new position in Six Flags Entertainment in the fourth quarter valued at approximately $5,185,000. Empowered Funds LLC bought a new stake in shares of Six Flags Entertainment during the fourth quarter worth $45,000. XTX Topco Ltd lifted its stake in Six Flags Entertainment by 115.6% in the 4th quarter. XTX Topco Ltd now owns 21,875 shares of the company’s stock valued at $336,000 after acquiring an additional 11,730 shares in the last quarter. Finally, VARCOV Co. acquired a new position in shares of Six Flags Entertainment during the 4th quarter worth about $337,000. 64.65% of the stock is currently owned by institutional investors.

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.