Six Flags Entertainment Corporation (NYSE:FUN) Receives $25.15 Average Price Target from Brokerages

Six Flags Entertainment Corporation (NYSE:FUN) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $25.4286.

FUN has been the subject of several research analyst reports. Citigroup initiated coverage on shares of Six Flags Entertainment in a research note on Monday. They set an “outperform” rating for the company. Citizens Jmp assumed coverage on shares of Six Flags Entertainment in a report on Monday. They set a “market outperform” rating and a $29.00 price objective on the stock. Guggenheim cut their price objective on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Weiss Ratings cut shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Finally, Truist Financial lifted their target price on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 12th.

Six Flags Entertainment Stock Up 2.6%

FUN opened at $20.99 on Friday. The firm has a market cap of $2.15 billion, a P/E ratio of -1.29 and a beta of 0.38. 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 business has a 50 day moving average price of $21.01 and a 200 day moving average price of $18.30. Six Flags Entertainment has a twelve month low of $12.51 and a twelve month high of $33.50.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.06. The company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. Research analysts forecast that Six Flags Entertainment will post -0.28 EPS for the current year.

Insider Transactions at Six Flags Entertainment

In other news, Director Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the transaction, the director directly owned 4,900,000 shares in the company, valued at approximately $114,709,000. This represents a 2.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marilyn G. Spiegel bought 2,500 shares of Six Flags Entertainment stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the acquisition, the director directly owned 15,161 shares in the company, valued at $289,575.10. This represents a 19.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 265,000 shares of company stock valued at $6,173,850. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Six Flags Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of FUN. CoreCap Advisors LLC raised its holdings in 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 acquired a new position in Six Flags Entertainment during the 1st quarter valued at about $26,000. Danske Bank A S bought a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Six Flags Entertainment in the 4th quarter valued at about $28,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of 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 worth $30,000 after buying an additional 722 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

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.