Six Flags Entertainment (NYSE:FUN) Stock Price Down 7.4% – What’s Next?

Six Flags Entertainment Corporation (NYSE:FUN) shares were down 7.4% during mid-day trading on Monday . The stock traded as low as $20.58 and last traded at $20.3820. Approximately 217,547 shares changed hands during trading, a decline of 90% from the average daily volume of 2,110,807 shares. The stock had previously closed at $22.01.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FUN shares. Citigroup lifted their target price on Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday. Mizuho boosted their target price on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a research report on Friday, February 20th. Barclays boosted their target price on Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Weiss Ratings raised Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.85.

Six Flags Entertainment Stock Down 8.3%

The firm has a market capitalization of $2.06 billion, a PE ratio of -1.24 and a beta of 0.35. The company has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $17.28. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $207.49 million. Analysts forecast that Six Flags Entertainment Corporation will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds have recently made changes to their positions in FUN. CoreCap Advisors LLC lifted its stake in shares of Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after purchasing an additional 975 shares during the last quarter. Atlas Wealth LLC purchased a new stake in shares of Six Flags Entertainment during the 1st quarter worth $26,000. Danske Bank A S purchased a new stake in shares of Six Flags Entertainment during the 3rd quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth $28,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Six Flags Entertainment in the third quarter valued at about $30,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

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.