Six Flags Entertainment Corporation (NYSE:FUN) Given Average Rating of “Hold” by Brokerages

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.6154.

A number of research analysts have issued reports on FUN shares. UBS Group reissued a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Guggenheim decreased their target price on shares of Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Jefferies Financial Group lowered their price target on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, January 13th. Finally, Truist Financial set a $23.00 price objective on shares of Six Flags Entertainment and gave the company a “buy” rating in a report on Tuesday, December 2nd.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Six Flags Entertainment by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,208,815 shares of the company’s stock worth $67,222,000 after buying an additional 52,337 shares in the last quarter. JANA Partners Management LP purchased a new position in shares of Six Flags Entertainment in the third quarter worth about $92,015,000. Long Pond Capital LP boosted its position in Six Flags Entertainment by 55.2% during the second quarter. Long Pond Capital LP now owns 3,296,660 shares of the company’s stock worth $100,317,000 after acquiring an additional 1,172,101 shares during the last quarter. Quantbot Technologies LP grew its stake in Six Flags Entertainment by 190.5% during the 3rd quarter. Quantbot Technologies LP now owns 230,120 shares of the company’s stock valued at $5,228,000 after acquiring an additional 150,913 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in Six Flags Entertainment in the 2nd quarter valued at about $685,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Price Performance

NYSE:FUN opened at $17.41 on Friday. The firm’s fifty day moving average is $17.00 and its two-hundred day moving average is $18.27. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -1.10 and a beta of 0.36. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. Six Flags Entertainment has a one year low of $12.51 and a one year high of $39.08.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The company had revenue of $650.09 million for the quarter, compared to analysts’ expectations of $602.68 million. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Research analysts expect that Six Flags Entertainment will post 0.83 EPS for the current year.

About Six Flags Entertainment

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.