Six Flags Entertainment Corporation (NYSE:FUN) Receives Consensus Recommendation of “Hold” from Brokerages

Six Flags Entertainment Corporation (NYSE:FUN) has received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.50.

Several research analysts recently weighed in on the company. The Goldman Sachs Group set a $15.00 price target on Six Flags Entertainment in a research report on Friday, August 7th. Guggenheim dropped their price objective on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Citigroup reaffirmed a “neutral” rating on shares of Six Flags Entertainment in a report on Friday, August 7th. Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th.

Insiders Place Their Bets

In other news, CEO John Reilly acquired 15,713 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price 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 approximately $4,704,228.80. The trade was a 5.57% increase in their position. The acquisition was disclosed in a 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. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the business. Man Group plc acquired a new position in Six Flags Entertainment during the second quarter worth $7,134,000. Lee Danner & Bass Inc. acquired a new stake in shares of Six Flags Entertainment in the first quarter valued at about $2,089,000. Legal & General Group Plc acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at about $4,808,000. Havemeyer Place LP purchased a new stake in shares of Six Flags Entertainment during the fourth quarter worth about $1,289,000. Finally, Knights of Columbus Asset Advisors LLC increased its stake in shares of Six Flags Entertainment by 106.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company’s stock worth $1,968,000 after purchasing an additional 66,263 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $12.68 on Friday. Six Flags Entertainment has a 52-week low of $12.51 and a 52-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. The stock has a market cap of $1.30 billion, a PE ratio of -0.73 and a beta of 0.38. The business has a 50-day simple moving average of $16.65 and a 200-day simple moving average of $18.51.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement and water parks across the United States, Canada and Mexico. The company’s portfolio includes parks operating under the Six Flags and Cedar Fair brands, as well as well-known destinations such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Its parks provide roller coasters, family rides, water attractions, seasonal events, live entertainment, dining and retail experiences. The company generates revenue primarily through admission tickets, season passes, memberships, food and beverage sales, merchandise, sponsorships and related hospitality offerings.

Six Flags Entertainment was formed through the merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., which was completed in July 2024.