Six Flags Entertainment (NYSE:FUN) Stock Price Down 7.2% – Should You Sell?

Shares of Six Flags Entertainment Corporation (NYSE:FUN) traded down 7.2% during trading on Monday . The company traded as low as $20.48 and last traded at $20.4150. Approximately 987,136 shares traded hands during trading, a decline of 54% from the average session volume of 2,133,585 shares. The stock had previously closed at $22.01.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FUN shares. UBS Group lifted their price target on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Guggenheim reduced their price objective on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Wall Street Zen raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. raised Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a report on Friday, May 8th. Finally, Zacks Research lowered Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.43.

Six Flags Entertainment Price Performance

The company has a market cap of $2.17 billion, a P/E ratio of -1.30 and a beta of 0.39. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. The firm’s fifty day moving average is $20.95 and its two-hundred day moving average is $18.22.

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

Insider Buying and Selling

In other Six Flags Entertainment news, Director Marilyn G. Spiegel bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the purchase, the director owned 15,161 shares of the company’s stock, valued at $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rehan Jaffer purchased 125,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the acquisition, the director owned 4,900,000 shares in the company, valued at $114,709,000. This represents a 2.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 265,000 shares of company stock worth $6,173,850. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its stake in Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after acquiring an additional 3,629,445 shares in the last quarter. Darlington Partners Capital Management LP boosted its holdings in shares of Six Flags Entertainment by 20.2% during the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after purchasing an additional 1,460,000 shares during the last quarter. UBS Group AG boosted its holdings in shares of Six Flags Entertainment by 533.4% during the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after purchasing an additional 4,446,104 shares during the last quarter. Dendur Capital LP grew its position in shares of Six Flags Entertainment by 6.2% during the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock valued at $75,987,000 after purchasing an additional 290,000 shares in the last quarter. Finally, JANA Partners Management LP purchased a new position in shares of Six Flags Entertainment during the third quarter valued at about $92,015,000. Hedge funds and other institutional investors 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.