Analysts Set Six Flags Entertainment Corporation (NYSE:FUN) PT at $27.00

Six Flags Entertainment Corporation (NYSE:FUN) has been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $26.7857.

Several equities research analysts have recently issued reports on FUN shares. Zacks Research upgraded shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Stifel Nicolaus reduced their target price on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Mizuho raised their price target on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Morgan Stanley set a $18.00 price objective on Six Flags Entertainment in a report on Friday, February 20th. Finally, The Goldman Sachs Group cut their target price on shares of Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, November 10th.

Six Flags Entertainment Trading Down 1.0%

Shares of Six Flags Entertainment stock opened at $17.03 on Monday. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $45.44. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. The company has a market capitalization of $1.73 billion, a P/E ratio of -1.07 and a beta of 0.36. The company has a fifty day moving average of $16.50 and a 200 day moving average of $19.01.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The business 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 for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Several large investors have recently added to or reduced their stakes in FUN. Ameritas Investment Partners Inc. boosted its holdings in shares of Six Flags Entertainment by 4.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock worth $298,000 after purchasing an additional 413 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Six Flags Entertainment by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock valued at $103,000 after acquiring an additional 442 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Six Flags Entertainment by 1.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 56,470 shares of the company’s stock worth $1,282,000 after acquiring an additional 545 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Six Flags Entertainment by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,479 shares of the company’s stock worth $441,000 after purchasing an additional 552 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Six Flags Entertainment by 26.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares during the last quarter. 64.65% of the stock is owned by institutional investors.

About Six Flags Entertainment

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.