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

Six Flags Entertainment Corporation (NYSE:FUN) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.0714.

A number of research firms have recently commented on FUN. Stifel Nicolaus cut their target price on Six Flags Entertainment from $50.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. Citigroup cut their target price on Six Flags Entertainment from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 10th. UBS Group cut their target price on Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. cut their target price on Six Flags Entertainment from $33.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th.

Six Flags Entertainment Stock Down 1.9%

Shares of NYSE FUN opened at $22.74 on Monday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -4.69 and a beta of 0.72. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42. The business has a 50-day moving average of $28.67 and a two-hundred day moving average of $33.39. Six Flags Entertainment has a 1 year low of $21.44 and a 1 year high of $49.77.

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

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC increased its position in Six Flags Entertainment by 0.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company’s stock valued at $1,198,000 after acquiring an additional 335 shares during the period. Maryland State Retirement & Pension System increased its position in Six Flags Entertainment by 1.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 27,632 shares of the company’s stock valued at $841,000 after acquiring an additional 399 shares during the period. Ameritas Investment Partners Inc. increased its position in Six Flags Entertainment by 4.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock valued at $298,000 after acquiring an additional 413 shares during the period. Yousif Capital Management LLC increased its position in Six Flags Entertainment by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 35,141 shares of the company’s stock valued at $1,069,000 after acquiring an additional 433 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Six Flags Entertainment by 5.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock valued at $287,000 after acquiring an additional 484 shares during the period. Institutional investors and hedge funds 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.