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

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $27.50.

FUN has been the subject of several recent analyst reports. Truist Financial set a $23.00 price objective on shares of Six Flags Entertainment and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Thursday, January 22nd. Guggenheim lowered their price objective on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Stifel Nicolaus reduced their target price on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Mizuho lowered their price target on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th.

Six Flags Entertainment Price Performance

Shares of NYSE FUN opened at $17.47 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.58 and a debt-to-equity ratio of 8.16. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $48.80. The business has a 50 day moving average price of $15.33 and a two-hundred day moving average price of $20.86. The firm has a market cap of $1.77 billion, a PE ratio of -0.99 and a beta of 0.37.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing the consensus estimate of $2.24 by ($14.01). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $4.21 earnings per share. Sell-side analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Six Flags Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Six Flags Entertainment by 5.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,095 shares of the company’s stock worth $446,000 after buying an additional 1,500 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Six Flags Entertainment by 2.1% during the fourth quarter. State of Alaska Department of Revenue now owns 57,635 shares of the company’s stock worth $883,000 after acquiring an additional 1,165 shares during the period. Sims Investment Management LLC bought a new position in Six Flags Entertainment in the fourth quarter worth about $506,000. CoreCap Advisors LLC boosted its stake in Six Flags Entertainment by 145.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after acquiring an additional 975 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Six Flags Entertainment by 106.2% in the fourth quarter. SG Americas Securities LLC now owns 39,656 shares of the company’s stock valued at $608,000 after acquiring an additional 20,422 shares during the period. 64.65% of the stock is owned by institutional investors and hedge funds.

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.