Six Flags Entertainment Corporation (NYSE:FUN) Receives $47.67 Average Price Target from Brokerages

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has received an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $47.07.

A number of equities analysts have commented on FUN shares. Mizuho boosted their price target on shares of Six Flags Entertainment from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Morgan Stanley cut their price target on shares of 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. UBS Group cut their price target on shares of Six Flags Entertainment from $49.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Six Flags Entertainment from $46.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen lowered shares of Six Flags Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, June 21st.

Insider Buying and Selling

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

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUN. ORG Wealth Partners LLC raised its holdings in Six Flags Entertainment by 45.8% in the 2nd quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company's stock worth $102,000 after purchasing an additional 1,002 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Six Flags Entertainment by 8.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company's stock worth $1,701,000 after purchasing an additional 4,251 shares in the last quarter. Castleview Partners LLC bought a new position in Six Flags Entertainment in the 2nd quarter worth $239,000. GAMMA Investing LLC raised its holdings in Six Flags Entertainment by 96.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company's stock worth $55,000 after purchasing an additional 884 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in Six Flags Entertainment by 0.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company's stock worth $1,198,000 after purchasing an additional 335 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment Price Performance

NYSE:FUN traded up $0.76 during mid-day trading on Friday, hitting $28.04. 2,020,454 shares of the stock traded hands, compared to its average volume of 1,723,284. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 2.75. Six Flags Entertainment has a 12-month low of $27.10 and a 12-month high of $54.58. The company has a market cap of $2.84 billion, a PE ratio of -10.09 and a beta of 0.76. The business's 50-day moving average price is $32.76 and its 200 day moving average price is $37.56.

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

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.