Six Flags Entertainment (NYSE:FUN) Given New $34.00 Price Target at UBS Group

Six Flags Entertainment (NYSE:FUN) had its target price decreased by UBS Group from $40.00 to $34.00 in a report released on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

FUN has been the subject of a number of other reports. Citigroup lowered their price target on Six Flags Entertainment from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. Mizuho cut their price objective on shares of Six Flags Entertainment from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Morgan Stanley reduced their target price on shares of Six Flags Entertainment from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Guggenheim set a $43.00 target price on Six Flags Entertainment and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group cut their price objective on shares of Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.07.

Six Flags Entertainment Stock Performance

FUN stock opened at $25.9620 on Tuesday. Six Flags Entertainment has a twelve month low of $21.44 and a twelve month high of $49.77. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. The company has a market cap of $2.63 billion, a P/E ratio of -5.35 and a beta of 0.82. The business’s fifty day moving average is $29.61 and its 200-day moving average is $34.53.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The company had revenue of $930.39 million for the quarter, compared to analyst estimates of $999.82 million. The firm’s revenue was up 62.8% compared to the same quarter last year. Equities research analysts forecast that Six Flags Entertainment will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 purchasing an additional 722 shares during the last quarter. Allworth Financial LP lifted its position in shares of Six Flags Entertainment by 1,179.0% during the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after acquiring an additional 1,403 shares during the period. GAMMA Investing LLC lifted its position in shares of Six Flags Entertainment by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after acquiring an additional 884 shares during the period. Russell Investments Group Ltd. raised its stake in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its position in Six Flags Entertainment by 45.8% during the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock worth $102,000 after purchasing an additional 1,002 shares during the period. 64.65% of the stock is owned by institutional investors.

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.