Six Flags Entertainment (NYSE:FUN) Reaches New 52-Week Low - Here's What Happened

Key Points

• Six Flags Entertainment hit a new 52-week low, trading as low as $7.95 and well below its 50-day and 200-day moving averages of $13.60 and $17.63, respectively.
• The company reported a quarterly earnings and revenue miss: EPS was $0.14 versus the $0.29 consensus, while revenue fell 7% year over year to $864.92 million. Six Flags also posted a negative net margin of 57.25%.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from 16 analysts and an average price target of $19.62; CEO John Reilly separately purchased approximately $248,000 of shares under a pre-arranged trading plan.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $7.95 and last traded at $8.0180, with a volume of 318,943 shares. The stock had previously closed at $8.11.

Analyst Ratings Changes

FUN has been the topic of several research reports. Stifel Nicolaus set a $23.00 target price on Six Flags Entertainment in a research report on Friday, August 7th. Mizuho set a $10.00 target price on Six Flags Entertainment and gave the stock an "underperform" rating in a research note on Friday, August 7th. Guggenheim lowered their price target on Six Flags Entertainment from $33.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Citigroup dropped their price target on Six Flags Entertainment from $17.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, October 8th. Finally, Northcoast Research began coverage on Six Flags Entertainment in a research note on Wednesday, July 8th. They set a "neutral" rating on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $19.62.

Six Flags Entertainment Trading Up 1.4%

The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The company's fifty day moving average is $13.60 and its 200-day moving average is $17.63. The stock has a market cap of $841.07 million, a PE ratio of -0.48 and a beta of 0.45.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.15). The business had revenue of $864.92 million for the quarter, compared to analyst estimates of $928.36 million. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The company's revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, analysts predict that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Reilly bought 15,713 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the purchase, the chief executive officer directly owned 297,736 shares of the company's stock, valued at $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FUN. Atlas Wealth LLC purchased a new stake in Six Flags Entertainment in the 1st quarter worth approximately $26,000. Integrated Wealth Concepts LLC purchased a new position in shares of Six Flags Entertainment during the 2nd quarter valued at approximately $31,000. Allworth Financial LP purchased a new position in shares of Six Flags Entertainment during the 2nd quarter valued at approximately $35,000. Public Employees Retirement System of Ohio increased its holdings in shares of Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company's stock valued at $36,000 after purchasing an additional 539 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Six Flags Entertainment in the 2nd quarter valued at $54,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott's Berry Farm and Canada's Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.

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