Six Flags Entertainment (NYSE:FUN) Stock Moved Up to “Hold” by Zacks Research

Zacks Research upgraded shares of Six Flags Entertainment (NYSE:FUN) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks reports.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group set a $15.00 price target on shares of Six Flags Entertainment in a research note on Friday, August 7th. Mizuho set a $10.00 price objective on shares of Six Flags Entertainment and gave the company an “underperform” rating in a research note on Friday, August 7th. Guggenheim dropped their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Six Flags Entertainment in a report on Wednesday, August 12th. Finally, Northcoast Research began coverage on Six Flags Entertainment in a research report on Wednesday, July 8th. They issued a “neutral” rating for the company. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.54.

Six Flags Entertainment Stock Performance

FUN stock opened at $10.15 on Monday. The company has a market capitalization of $1.04 billion, a P/E ratio of -0.59 and a beta of 0.45. The company has a 50-day simple moving average of $14.10 and a 200 day simple moving average of $17.81. Six Flags Entertainment has a fifty-two week low of $9.80 and a fifty-two week high of $27.37. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34.

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

Insider Transactions at Six Flags Entertainment

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

Hedge Funds Weigh In On Six Flags Entertainment

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

Six Flags Entertainment News Roundup

Here are the key news stories impacting Six Flags Entertainment this week:

• Negative Sentiment: One person reportedly died and several others were injured in the Georgia incident. The tragedy is likely to increase scrutiny of Six Flags’ maintenance, inspection and operating practices. Six Flags shares plunge after-hours following report of deadly roller coaster incident
• Negative Sentiment: Six Flags temporarily shut nine rides across six parks in the United States and Canada, including similar attractions, while investigations and safety reviews proceed. The closures could reduce attendance, revenue and profitability, particularly if they persist. Six Flags Closes Several Rides After Georgia Roller-Coaster Death
• Negative Sentiment: Investors are concerned that the accident could derail Six Flags’ turnaround efforts after its merger-related struggles, while creating additional litigation, insurance and compliance costs. The company’s limited liquidity and elevated leverage could make it harder to absorb prolonged disruptions. Goliath Roller-Coaster Death Casts Long Shadow Over Six Flags’ Turnaround Hopes
• Negative Sentiment: A shareholder law firm announced a pending investigation into potential claims on behalf of investors who suffered losses. Although the notice does not establish wrongdoing, it increases headline and legal risk. Six Flags Entertainment Investigation Notice
• Negative Sentiment: Unusually heavy put-option activity indicates increased bearish positioning and concern about further volatility. Shares were trading near their 52-week low, intensifying pressure on management to clarify the incident, ride closures and financial impact.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.