Six Flags Entertainment (NYSE:FUN) Price Target Cut to $31.00 by Analysts at Guggenheim

Six Flags Entertainment (NYSE:FUN) had its target price reduced by Guggenheim from $35.00 to $31.00 in a research report released on Tuesday morning, Marketbeat.com reports. Guggenheim currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley set a $17.00 target price on shares of Six Flags Entertainment in a research note on Thursday, December 18th. JPMorgan Chase & Co. cut their price target on shares of Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 12th. Zacks Research upgraded shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Stifel Nicolaus cut 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, Jefferies Financial Group reduced their price target on 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. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and a consensus price target of $26.86.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $15.56 on Tuesday. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $48.80. The stock’s 50-day moving average is $16.12 and its two-hundred day moving average is $19.54. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. The firm has a market cap of $1.58 billion, a P/E ratio of -0.88 and a beta of 0.39.

Hedge Funds Weigh In On Six Flags Entertainment

Large investors have recently made changes to their positions in the business. Alberta Investment Management Corp acquired a new stake in Six Flags Entertainment during the second quarter worth about $18,288,000. Aurora Investment Counsel lifted its position in shares of Six Flags Entertainment by 114.8% in the 2nd quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock worth $1,025,000 after acquiring an additional 17,995 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter worth approximately $656,000. Envestnet Asset Management Inc. increased its position in shares of Six Flags Entertainment by 56.5% during the second quarter. Envestnet Asset Management Inc. now owns 61,081 shares of the company’s stock valued at $1,859,000 after purchasing an additional 22,054 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Six Flags Entertainment by 2.4% in the second quarter. Geode Capital Management LLC now owns 2,208,815 shares of the company’s stock valued at $67,222,000 after purchasing an additional 52,337 shares in the last quarter. 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.