Six Flags Entertainment (FUN) Expected to Announce Quarterly Earnings on Thursday

Six Flags Entertainment (NYSE:FUN) is expected to be issuing its results before the market opens on Thursday, February 19th. Analysts expect the company to announce earnings of ($0.29) per share and revenue of $602.6760 million for the quarter.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $15.56 on Wednesday. The company has a market capitalization of $1.58 billion, a P/E ratio of -0.88 and a beta of 0.39. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $48.80. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58. The stock has a 50 day moving average price of $16.12 and a two-hundred day moving average price of $19.54.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Danske Bank A S bought a new position in shares of Six Flags Entertainment during the third quarter valued at $27,000. Northwestern Mutual Wealth Management Co. grew its position in Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares during the last quarter. Empowered Funds LLC bought a new stake in Six Flags Entertainment during the 4th quarter valued at about $45,000. CIBC Private Wealth Group LLC raised its holdings in Six Flags Entertainment by 26.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock worth $82,000 after buying an additional 748 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after buying an additional 586 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Truist Financial set a $23.00 price objective on shares of Six Flags Entertainment and gave the company a “buy” rating in a research note on Tuesday, December 2nd. UBS Group reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Guggenheim cut their target price on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and an average target price of $26.86.

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.