Six Flags Entertainment (NYSE:FUN) Lowered to Neutral Rating by Citigroup

Citigroup cut shares of Six Flags Entertainment (NYSE:FUN) from a buy rating to a neutral rating in a research note published on Thursday, MarketBeat Ratings reports. Citigroup currently has $20.00 price objective on the stock.

A number of other equities analysts have also commented on FUN. The Goldman Sachs Group cut their price objective on Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Guggenheim dropped their price target on shares of Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Jefferies Financial Group decreased their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 13th. Mizuho lowered their target price on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research report on Friday, November 21st. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.14.

Six Flags Entertainment Trading Down 6.8%

Shares of NYSE FUN opened at $17.31 on Thursday. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58. Six Flags Entertainment has a 52-week low of $12.51 and a 52-week high of $48.80. The firm has a 50 day moving average price of $15.79 and a two-hundred day moving average price of $20.47. The stock has a market cap of $1.76 billion, a P/E ratio of -0.98 and a beta of 0.39.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.Six Flags Entertainment’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.21 EPS. As a group, equities analysts forecast that Six Flags Entertainment will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in FUN. UBS Group AG increased its position in Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after buying an additional 4,446,104 shares in the last quarter. JANA Partners Management LP acquired a new stake in Six Flags Entertainment in the third quarter valued at approximately $92,015,000. Rush Island Management LP bought a new stake in shares of Six Flags Entertainment during the second quarter valued at approximately $115,454,000. EdgePoint Investment Group Inc. acquired a new position in shares of Six Flags Entertainment during the third quarter worth approximately $70,764,000. Finally, Land & Buildings Investment Management LLC acquired a new position in shares of Six Flags Entertainment during the third quarter worth approximately $36,024,000. Institutional investors own 64.65% of the company’s stock.

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.