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

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $23.6923.

A number of research analysts have recently weighed in on FUN shares. Truist Financial increased their price target on Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Thursday, January 22nd. Barclays reissued an “overweight” rating and issued a $22.00 price target on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Guggenheim cut their price target on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group cut their price target on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 13th.

Six Flags Entertainment Stock Down 1.6%

NYSE:FUN opened at $19.62 on Tuesday. The stock’s fifty day moving average price is $17.22 and its two-hundred day moving average price is $17.57. Six Flags Entertainment has a 52-week low of $12.51 and a 52-week high of $38.47. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -1.24 and a beta of 0.32.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FUN. UBS Group AG lifted its stake in shares of 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 purchasing an additional 4,446,104 shares during the period. JANA Partners Management LP acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $92,015,000. Rush Island Management LP acquired a new stake in Six Flags Entertainment during the 2nd quarter worth $115,454,000. Morgan Stanley raised its stake in Six Flags Entertainment by 62.1% during the 4th quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after buying an additional 3,629,445 shares during the period. Finally, EdgePoint Investment Group Inc. acquired a new stake in Six Flags Entertainment during the 3rd quarter worth $70,764,000. Institutional investors and hedge funds 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.