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

Peregrine Capital Management LLC boosted its holdings 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 firm owned 131,499 shares of the company's stock after purchasing an additional 9,231 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.13% of Six Flags Entertainment worth $4,691,000 as of its most recent SEC filing.

Six Flags Entertainment Trading Up 0.9%

NYSE:FUN traded up $0.29 during midday trading on Friday, hitting $32.21. 826,138 shares of the company traded hands, compared to its average volume of 1,704,671. The firm's fifty day moving average is $33.47 and its 200-day moving average is $38.46. Six Flags Entertainment Corporation has a 12-month low of $28.02 and a 12-month high of $58.70. The firm has a market capitalization of $3.26 billion, a P/E ratio of -11.58 and a beta of 0.76. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 2.75.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($2.20) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $202.06 million for the quarter, compared to analyst estimates of $235.51 million. The business's revenue was up 98.9% compared to the same quarter last year. On average, sell-side analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michelle M. Frymire sold 5,929 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $37.89, for a total transaction of $224,649.81. Following the sale, the director owned 7,162 shares in the company, valued at approximately $271,368.18. This represents a 45.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

FUN has been the subject of several recent analyst reports. UBS Group initiated coverage on Six Flags Entertainment in a research note on Wednesday, April 9th. They issued a "buy" rating and a $49.00 price target for the company. Morgan Stanley dropped their price target on Six Flags Entertainment from $58.00 to $47.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Mizuho upped their price objective on Six Flags Entertainment from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Jefferies Financial Group decreased their price objective on Six Flags Entertainment from $58.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.20.

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.