Six Flags Entertainment (NYSE:FUN) Reaches New 1-Year Low – Time to Sell?

Six Flags Entertainment Corporation (NYSE:FUN) shares reached a new 52-week low on Monday. The company traded as low as $7.95 and last traded at $8.0180, with a volume of 318,943 shares changing hands. The stock had previously closed at $8.11.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. Truist Financial dropped their target price on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. UBS Group reduced their price target on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a report on Friday. Finally, Stifel Nicolaus set a $23.00 price target on Six Flags Entertainment in a research report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.62.

Six Flags Entertainment Stock Performance

The company has a market cap of $841.07 million, a PE ratio of -0.48 and a beta of 0.45. The firm’s fifty day moving average is $13.60 and its 200 day moving average is $17.63. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.15). The company had revenue of $864.92 million for the quarter, compared to analysts’ expectations of $928.36 million. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, research analysts predict that Six Flags Entertainment Corporation will post -0.91 EPS for the current fiscal year.

Insider Buying and Selling at Six Flags Entertainment

In related news, CEO John Reilly purchased 15,713 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the transaction, the chief executive officer directly owned 297,736 shares in the company, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Several large investors have recently bought and sold shares of the company. Atlas Wealth LLC acquired a new position in shares of Six Flags Entertainment during the first quarter valued at approximately $26,000. Integrated Wealth Concepts LLC purchased a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $31,000. Allworth Financial LP purchased a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $35,000. Public Employees Retirement System of Ohio boosted its stake in shares of Six Flags Entertainment by 36.1% in the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Six Flags Entertainment in the second quarter worth approximately $54,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.