Six Flags Entertainment (NYSE:FUN) Stock Rating Lowered by Mizuho

Six Flags Entertainment (NYSE:FUN) was downgraded by equities research analysts at Mizuho from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Zacks Research upgraded shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. UBS Group lifted their target price on Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Guggenheim lowered their price target on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, July 24th. JPMorgan Chase & Co. upgraded Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research note on Friday, May 8th. Finally, The Goldman Sachs Group set a $15.00 price objective on Six Flags Entertainment in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.21.

Six Flags Entertainment Stock Up 4.0%

Shares of NYSE:FUN opened at $16.39 on Thursday. The stock’s 50-day moving average price is $20.23 and its two-hundred day moving average price is $18.85. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 43.47. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $27.37. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -0.95 and a beta of 0.40.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The firm had revenue of $225.63 million during the quarter, compared to the consensus estimate of $207.49 million. On average, research analysts forecast that Six Flags Entertainment will post -0.11 EPS for the current year.

Insider Activity at Six Flags Entertainment

In related news, Director Marilyn G. Spiegel bought 2,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares of the company’s stock, valued at approximately $289,575.10. This represents a 19.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rehan Jaffer bought 125,000 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the purchase, the director owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This represents a 2.62% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 265,000 shares of company stock worth $6,173,850. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of FUN. BlackRock Inc. purchased a new stake in shares of Six Flags Entertainment during the second quarter valued at approximately $339,057,000. Morgan Stanley boosted its stake in shares of Six Flags Entertainment by 62.1% in the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after purchasing an additional 3,629,445 shares during the period. Darlington Partners Capital Management LP boosted its stake in shares of Six Flags Entertainment by 20.2% in the second 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 period. UBS Group AG grew its holdings in 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 in the last quarter. Finally, Dendur Capital LP grew its holdings in Six Flags Entertainment by 6.2% during the 4th 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. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Key Six Flags Entertainment News

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

• Positive Sentiment: Analyst maintains bullish outlook: Citizens JMP lowered its price target from $29 to $24 but retained a “market outperform” rating, implying substantial upside from recent levels. Benzinga report
• Positive Sentiment: Management outlines margin and deleveraging goals: Six Flags is targeting adjusted EBITDA margins in the mid-30% range over time while reducing leverage toward approximately 4x. Progress on these objectives could improve cash flow and balance-sheet concerns. Seeking Alpha report
• Positive Sentiment: Season-pass sales launched: The company began selling 2027 passes at its lowest advertised price for this season and next, offering unlimited visits, parking and other benefits. The promotion could support advance bookings, attendance visibility and recurring revenue. Season-pass sales announcement
• Neutral Sentiment: New 2027 attraction announced: Six Flags Great America plans to open Camp Timber Trail, a family-focused area with nine attractions, including a new suspended family coaster. The project may strengthen the park’s long-term appeal, although financial benefits are not immediate. Camp Timber Trail announcement
• Negative Sentiment: Second-quarter results missed expectations: Six Flags reported adjusted EPS of $0.14 versus the $0.37 consensus estimate, while revenue of $864.9 million fell short of the $928.4 million forecast. The earnings miss and negative net margin remain the primary pressure points for FUN. Second-quarter results

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.