Six Flags Entertainment (NYSE:FUN) Sets New 52-Week Low – What’s Next?

Shares of Six Flags Entertainment Corporation (NYSE:FUN) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $11.91 and last traded at $11.9630, with a volume of 243754 shares. The stock had previously closed at $12.32.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FUN shares. Zacks Research cut Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, August 11th. Oppenheimer dropped their target price on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Stifel Nicolaus set a $23.00 price objective on shares of Six Flags Entertainment in a report on Friday, August 7th. Wall Street Zen downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, Citizens Jmp dropped their target price on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and an average target price of $21.50.

Six Flags Entertainment Stock Performance

The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a fifty day moving average price of $15.62 and a two-hundred day moving average price of $18.25. The company has a market cap of $1.19 billion, a P/E ratio of -0.67 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.15). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%.The firm had revenue of $864.92 million during the quarter, compared to analysts’ expectations of $928.36 million. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis. On average, equities analysts forecast that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current fiscal year.

Insider Transactions at Six Flags Entertainment

In related news, CEO John Reilly acquired 15,713 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the purchase, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at $4,704,228.80. The trade was a 5.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FUN. WINTON GROUP Ltd increased its position in shares of Six Flags Entertainment by 22.9% in the second quarter. WINTON GROUP Ltd now owns 241,990 shares of the company’s stock valued at $5,154,000 after acquiring an additional 45,158 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Six Flags Entertainment during the 2nd quarter worth approximately $898,000. Integrated Wealth Concepts LLC purchased a new position in Six Flags Entertainment during the 2nd quarter worth $31,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Six Flags Entertainment during the second quarter worth about $432,000. Finally, Ameritas Advisory Services LLC purchased a new position in Six Flags Entertainment during the 2nd quarter valued at about $54,000. Institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement and water parks across the United States, Canada and Mexico. The company’s portfolio includes parks operating under the Six Flags and Cedar Fair brands, as well as well-known destinations such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Its parks provide roller coasters, family rides, water attractions, seasonal events, live entertainment, dining and retail experiences. The company generates revenue primarily through admission tickets, season passes, memberships, food and beverage sales, merchandise, sponsorships and related hospitality offerings.

Six Flags Entertainment was formed through the merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., which was completed in July 2024.