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

Six Flags Entertainment Corporation (NYSE:FUNGet Free Report) has been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $27.00.

A number of research firms recently weighed in on FUN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price target on Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 12th. Jefferies Financial Group dropped their price objective on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 13th. Morgan Stanley set a $18.00 price objective on Six Flags Entertainment in a report on Friday. Finally, UBS Group restated a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st.

Read Our Latest Report on Six Flags Entertainment

Key Stories Impacting Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

Six Flags Entertainment Stock Up 3.7%

Shares of FUN opened at $18.24 on Monday. The company’s 50-day moving average price is $16.26 and its 200 day moving average price is $19.30. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $48.80. The company has a current ratio of 0.58, a quick ratio of 0.48 and a debt-to-equity ratio of 9.42. The firm has a market cap of $1.85 billion, a P/E ratio of -1.15 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUNGet Free Report) last announced its quarterly earnings results 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). The company had revenue of $650.09 million for the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The company’s revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC grew its stake in shares of Six Flags Entertainment by 145.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after acquiring an additional 975 shares in the last quarter. Danske Bank A S purchased a new position in Six Flags Entertainment in the third quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Six Flags Entertainment in the fourth quarter valued at $28,000. Ameritas Advisory Services LLC acquired a new position in Six Flags Entertainment during the 3rd quarter worth $30,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 722 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

(Get Free Report)

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.

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Analyst Recommendations for Six Flags Entertainment (NYSE:FUN)

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