Six Flags Entertainment (FUN) Expected to Announce Earnings on Thursday

Six Flags Entertainment (NYSE:FUN) is anticipated to release its results before the market opens on Thursday, February 19th. Analysts expect Six Flags Entertainment to post earnings of ($0.29) per share and revenue of $602.6760 million for the quarter.

Six Flags Entertainment Trading Down 0.1%

Six Flags Entertainment stock opened at $18.04 on Thursday. Six Flags Entertainment has a 12 month low of $12.51 and a 12 month high of $48.80. The firm has a market cap of $1.83 billion, a PE ratio of -1.02 and a beta of 0.39. The stock’s 50 day simple moving average is $16.05 and its two-hundred day simple moving average is $20.02. The company has a current ratio of 0.58, a quick ratio of 0.48 and a debt-to-equity ratio of 8.16.

Institutional Trading of Six Flags Entertainment

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after buying an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 722 shares in the last quarter. Invesco Ltd. lifted its position in shares of Six Flags Entertainment by 2.5% in the second quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after acquiring an additional 5,775 shares in the last quarter. State Street Corp lifted its stake in shares of Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after purchasing an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in shares of Six Flags Entertainment by 249.9% in the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after acquiring an additional 465,572 shares during the last quarter. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on FUN. Mizuho lowered their price target on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. The Goldman Sachs Group dropped their price target on Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Stifel Nicolaus lowered their price target on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, 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 note on Wednesday, November 12th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus price target of $27.14.

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.