Six Flags Entertainment (NYSE:FUN) Rating Lowered to Neutral at Citigroup

Six Flags Entertainment (NYSE:FUN) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $20.00 price target on the stock, down from their previous price target of $25.00. Citigroup’s target price would suggest a potential upside of 6.55% from the stock’s previous close.

FUN has been the topic of several other reports. Jefferies Financial Group dropped their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, January 13th. Mizuho lowered their price target on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Guggenheim cut their price objective on shares of Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Barclays decreased their target price on Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.14.

Six Flags Entertainment Trading Up 8.2%

Six Flags Entertainment stock opened at $18.77 on Thursday. Six Flags Entertainment has a 52 week low of $12.51 and a 52 week high of $48.80. The stock has a market capitalization of $1.90 billion, a P/E ratio of -1.06 and a beta of 0.39. The stock has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $20.38. 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 earnings results on Friday, November 7th. The company reported ($11.77) earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm posted $4.21 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. Analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Institutional Trading of Six Flags Entertainment

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 722 shares during the period. Danske Bank A S bought a new stake in Six Flags Entertainment during the third quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new stake in Six Flags Entertainment during the third quarter worth about $30,000. Allworth Financial LP increased its holdings in Six Flags Entertainment by 1,179.0% in the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after buying an additional 1,403 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after buying an additional 975 shares in the last quarter. 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.