Six Flags Entertainment Corporation (NYSE:FUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $49.20.

A number of brokerages have recently issued reports on FUN. Morgan Stanley lowered their price target on Six Flags Entertainment from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Guggenheim dropped their target price on shares of Six Flags Entertainment from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Macquarie reiterated an “outperform” rating and issued a $55.00 target price on shares of Six Flags Entertainment in a research report on Friday, March 7th. Mizuho boosted their price target on shares of Six Flags Entertainment from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group cut their price target on Six Flags Entertainment from $58.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, April 10th.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $29.27 on Wednesday. The firm has a market cap of $2.96 billion, a PE ratio of -10.53 and a beta of 0.79. The business has a 50-day moving average price of $34.12 and a 200 day moving average price of $39.92. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 2.75. Six Flags Entertainment has a twelve month low of $28.02 and a twelve month high of $58.70.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($2.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.29) by $0.09. Six Flags Entertainment had a negative net margin of 11.30% and a positive return on equity of 0.66%. The company had revenue of $202.06 million during the quarter, compared to analysts’ expectations of $235.51 million. The firm’s quarterly revenue was up 98.9% compared to the same quarter last year. Sell-side analysts predict that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In other Six Flags Entertainment news, Director Michelle M. Frymire sold 5,929 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $37.89, for a total transaction of $224,649.81. Following the sale, the director now directly owns 7,162 shares in the company, valued at $271,368.18. This represents a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of Six Flags Entertainment

An institutional investor recently raised its position in Six Flags Entertainment stock. Peregrine Capital Management LLC grew its position in Six Flags Entertainment Corporation (NYSE:FUN) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,499 shares of the company’s stock after purchasing an additional 9,231 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.13% of Six Flags Entertainment worth $4,691,000 at the end of the most recent reporting period. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.