Six Flags Entertainment (NYSE:FUN) Raised to Sell at Wall Street Zen

Six Flags Entertainment (NYSE:FUN) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Other analysts have also issued reports about the stock. The Goldman Sachs Group increased their target price on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Oppenheimer cut their target price on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Zacks Research raised shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Citigroup increased their target price on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Six Flags Entertainment currently has an average rating of “Moderate Buy” and an average target price of $24.85.

Six Flags Entertainment Trading Down 0.3%

Shares of NYSE:FUN opened at $21.27 on Friday. The company has a 50 day moving average of $18.24 and a 200-day moving average of $17.09. The firm has a market cap of $2.17 billion, a P/E ratio of -1.30 and a beta of 0.35. Six Flags Entertainment has a twelve month low of $12.51 and a twelve month high of $38.27. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The company had revenue of $225.63 million during the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. As a group, analysts anticipate that Six Flags Entertainment will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, insider Richard M. Haddrill acquired 10,000 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $19.08 per share, with a total value of $190,800.00. Following the purchase, the insider owned 230,117 shares in the company, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marilyn G. Spiegel acquired 2,500 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $19.12 per share, with a total value of $47,800.00. Following the purchase, the director owned 12,661 shares in the company, valued at $242,078.32. The trade was a 24.60% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in shares of Six Flags Entertainment by 26.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after buying an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 722 shares during the period. Invesco Ltd. boosted its holdings in shares of Six Flags Entertainment by 2.5% during the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after buying an additional 5,775 shares during the period. State Street Corp boosted its holdings in shares of Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after buying an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Six Flags Entertainment by 249.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after buying an additional 465,572 shares during the period. 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.