Brokerages Set Six Flags Entertainment Corporation (NYSE:FUN) PT at $25.07

Six Flags Entertainment Corporation (NYSE:FUN) has received a consensus recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.00.

FUN has been the subject of several analyst reports. Guggenheim lowered their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Friday. UBS Group increased their price target on Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Oppenheimer decreased their price objective on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Barclays boosted their price objective on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Zacks Research lowered shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th.

Insider Buying and Selling

In other news, Director Marilyn G. Spiegel acquired 2,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $19.10 per share, with a total value of $47,750.00. Following the transaction, the director owned 15,161 shares in the company, valued at approximately $289,575.10. This trade represents a 19.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rehan Jaffer acquired 125,000 shares of Six Flags Entertainment stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 265,000 shares of company stock worth $6,173,850 over the last 90 days. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of FUN. Morgan Stanley increased its holdings in 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 buying an additional 3,629,445 shares during the last quarter. Darlington Partners Capital Management LP lifted its holdings in Six Flags Entertainment by 20.2% during the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock worth $264,741,000 after buying an additional 1,460,000 shares during the last quarter. UBS Group AG lifted 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 worth $80,991,000 after buying an additional 4,446,104 shares during the last quarter. Dendur Capital LP boosted its position in shares of Six Flags Entertainment by 6.2% during the 4th quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock worth $75,987,000 after acquiring an additional 290,000 shares in the last quarter. Finally, Rush Island Management LP acquired a new position in shares of Six Flags Entertainment during the 2nd quarter worth about $115,454,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Stock Performance

NYSE:FUN opened at $17.35 on Thursday. The company has a fifty day simple moving average of $20.71 and a two-hundred day simple moving average of $18.71. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -1.06 and a beta of 0.38. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. Six Flags Entertainment has a 52 week low of $12.51 and a 52 week high of $32.10.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The business had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. As a group, equities analysts anticipate that Six Flags Entertainment will post -0.28 earnings per share for the current fiscal year.

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.