Six Flags Entertainment Corporation (NYSE:FUN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Six Flags Entertainment, with seven buys, six holds, and three sells among 16 analysts. The average 12-month price target is $21.50.
• Recent analyst actions were mixed: Mizuho rated the stock “underperform” with a $10 target, while Guggenheim and Truist maintained “buy” ratings despite lowering their targets.
• FUN shares opened at $13.69, down 4.2%, and are trading near their 12-month low of $12.51. Director Rehan Jaffer and CEO John Reilly recently bought shares, while institutional investors own 64.65% of the company.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has been given an average rating of "Hold" by the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.50.

A number of analysts recently weighed in on FUN shares. Mizuho set a $10.00 price objective on shares of Six Flags Entertainment and gave the stock an "underperform" rating in a report on Friday, August 7th. Northcoast Research started coverage on shares of Six Flags Entertainment in a research report on Wednesday, July 8th. They issued a "neutral" rating for the company. Guggenheim dropped their price target on shares of Six Flags Entertainment from $33.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Truist Financial cut their price target on Six Flags Entertainment from $28.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, Director Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock in a transaction on Monday, June 15th. The stock was bought at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the transaction, the director owned 4,900,000 shares of the company's stock, valued at $114,709,000. The trade was a 2.62% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Reilly purchased 15,713 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $15.80 per share, with a total value of $248,265.40. Following the purchase, the chief executive officer owned 297,736 shares of the company's stock, valued at approximately $4,704,228.80. This represents a 5.57% increase in their position. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Institutional investors have recently bought and sold shares of the stock. Atlas Wealth LLC acquired a new position in Six Flags Entertainment during the 1st quarter valued at about $26,000. Danske Bank A S acquired a new stake in shares of Six Flags Entertainment in the 3rd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 722 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $31,000. Finally, Allworth Financial LP bought a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 64.65% of the company's stock.

Six Flags Entertainment Trading Down 4.2%

NYSE:FUN opened at $13.69 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of -0.79 and a beta of 0.38. The business has a 50 day simple moving average of $17.07 and a 200 day simple moving average of $18.59. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $27.37.

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.

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