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

Key Points

• Analysts give Six Flags an average "Hold" rating from 14 firms (2 sell, 5 hold, 7 buy) with a 12‑month average target price of about $24.62.
• Latest quarter showed a large earnings miss — reported ($0.91) EPS vs. consensus ($0.31) — while revenue beat at $650.1M but was down 5.4% year‑over‑year and the company posted a negative net margin (51.58%) and high leverage (debt/equity 9.40).
• Institutional investors own 64.65% of the stock with sizable recent stakes from firms like JANA, Long Pond and Geode, and the shares trade around $17.41 (50‑day $17.00, 200‑day $18.27) within a one‑year range of $12.51–$39.08.

Shares of Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) have been given an average rating of "Hold" by the fourteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.6154.

A number of research analysts have issued reports on FUN shares. UBS Group reissued a "buy" rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Guggenheim decreased their target price on shares of Six Flags Entertainment from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Jefferies Financial Group lowered their price target on shares of Six Flags Entertainment from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Tuesday, January 13th. Finally, Truist Financial set a $23.00 price objective on shares of Six Flags Entertainment and gave the company a "buy" rating in a report on Tuesday, December 2nd.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Six Flags Entertainment by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,208,815 shares of the company's stock worth $67,222,000 after buying an additional 52,337 shares in the last quarter. JANA Partners Management LP purchased a new position in shares of Six Flags Entertainment in the third quarter worth about $92,015,000. Long Pond Capital LP boosted its position in Six Flags Entertainment by 55.2% during the second quarter. Long Pond Capital LP now owns 3,296,660 shares of the company's stock worth $100,317,000 after acquiring an additional 1,172,101 shares during the last quarter. Quantbot Technologies LP grew its stake in Six Flags Entertainment by 190.5% during the 3rd quarter. Quantbot Technologies LP now owns 230,120 shares of the company's stock valued at $5,228,000 after acquiring an additional 150,913 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in Six Flags Entertainment in the 2nd quarter valued at about $685,000. Hedge funds and other institutional investors own 64.65% of the company's stock.

Six Flags Entertainment Price Performance

NYSE:FUN opened at $17.41 on Friday. The firm's fifty day moving average is $17.00 and its two-hundred day moving average is $18.27. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -1.10 and a beta of 0.36. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. Six Flags Entertainment has a one year low of $12.51 and a one year high of $39.08.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its quarterly earnings data 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). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The company had revenue of $650.09 million for the quarter, compared to analysts' expectations of $602.68 million. The company's quarterly revenue was down 5.4% on a year-over-year basis. Research analysts expect that Six Flags Entertainment will post 0.83 EPS for the current year.

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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