Six Flags Entertainment Corporation (NYSE:FUN) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts collectively rate Six Flags Entertainment “Hold.” Of 16 analysts, seven recommend buying, six recommend holding, and three recommend selling; the average 12-month price target is $21.93.
• The stock opened at $16.35, below its 50-day moving average of $19.78 and 200-day moving average of $18.83. Recent analyst targets range from $15 to $30, reflecting mixed views.
• Insiders have been buying shares: executives and directors purchased 268,213 shares worth about $6.18 million over the past 90 days, while institutional investors own 64.65% of the company.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has been given a consensus recommendation of "Hold" by the sixteen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.9286.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $15.00 target price on shares of Six Flags Entertainment in a research note on Friday, August 7th. UBS Group upped their price target on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, June 11th. Truist Financial increased their price target on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, June 12th. Zacks Research downgraded shares of Six Flags Entertainment from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Finally, Guggenheim lowered their price objective 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.

Six Flags Entertainment Stock Down 0.3%

NYSE:FUN opened at $16.35 on Monday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -0.94 and a beta of 0.41. Six Flags Entertainment has a twelve month low of $12.51 and a twelve month high of $27.37. The stock's 50 day moving average price is $19.78 and its two-hundred day moving average price is $18.83. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34.

Insider Activity at Six Flags Entertainment

In other Six Flags Entertainment news, Director Marilyn G. Spiegel purchased 2,500 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares in the company, valued at $289,575.10. This represents a 19.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John T. Reilly acquired 15,713 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the purchase, the chief executive officer directly owned 297,736 shares of the company's stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders bought 268,213 shares of company stock worth $6,183,515. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG lifted its position in Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company's stock worth $80,991,000 after acquiring an additional 4,446,104 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Six Flags Entertainment during the first quarter worth approximately $2,089,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Six Flags Entertainment by 106.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company's stock valued at $1,968,000 after purchasing an additional 66,263 shares during the last quarter. Havemeyer Place LP acquired a new position in shares of Six Flags Entertainment in the fourth quarter valued at approximately $1,289,000. Finally, ING Groep NV increased its stake in shares of Six Flags Entertainment by 70.7% during the fourth quarter. ING Groep NV now owns 1,046,000 shares of the company's stock worth $16,046,000 after purchasing an additional 433,100 shares during the period. 64.65% of the stock is currently owned by institutional investors.

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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