Peregrine Capital Management LLC Acquires 9,231 Shares of Six Flags Entertainment Corporation (NYSE:FUN)

Peregrine Capital Management LLC grew its stake in Six Flags Entertainment Corporation (NYSE:FUN - Free Report) by 7.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,499 shares of the company's stock after purchasing an additional 9,231 shares during the period. Peregrine Capital Management LLC owned approximately 0.13% of Six Flags Entertainment worth $4,691,000 at the end of the most recent reporting period.

Six Flags Entertainment Trading Up 0.1%

Shares of Six Flags Entertainment stock traded up $0.02 on Wednesday, hitting $31.89. 3,852,049 shares of the company traded hands, compared to its average volume of 1,783,974. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 2.75. The company has a market cap of $3.22 billion, a PE ratio of -11.47 and a beta of 0.76. The stock's 50 day moving average price is $33.69 and its 200-day moving average price is $38.77. Six Flags Entertainment Corporation has a 52 week low of $28.02 and a 52 week high of $58.70.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($2.20) earnings per share for the quarter, beating analysts' consensus estimates of ($2.29) by $0.09. Six Flags Entertainment had a positive return on equity of 0.66% and a negative net margin of 11.30%. The business had revenue of $202.06 million during the quarter, compared to analyst estimates of $235.51 million. The firm's revenue for the quarter was up 98.9% on a year-over-year basis. Equities research analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Six Flags Entertainment from $46.00 to $28.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group reduced their target price on shares of Six Flags Entertainment from $58.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Mizuho raised their target price on shares of Six Flags Entertainment from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. UBS Group began coverage on shares of Six Flags Entertainment in a report on Wednesday, April 9th. They set a "buy" rating and a $49.00 price target on the stock. Finally, Guggenheim reduced their price objective on shares of Six Flags Entertainment from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Six Flags Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $49.20.

Insider Buying and Selling at Six Flags Entertainment

In related news, Director Michelle M. Frymire sold 5,929 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $37.89, for a total value of $224,649.81. Following the completion of the sale, the director directly owned 7,162 shares of the company's stock, valued at $271,368.18. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.