Six Flags Entertainment (NYSE:FUN) Given New $34.00 Price Target at UBS Group

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Six Flags Entertainment (NYSE:FUN - Get Free Report) had its price objective reduced by analysts at UBS Group from $40.00 to $34.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 32.76% from the stock's previous close.

Several other brokerages have also recently issued reports on FUN. Barclays reduced their price target on shares of Six Flags Entertainment from $40.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Mizuho cut their price objective on shares of Six Flags Entertainment from $36.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Guggenheim set a $43.00 price objective on shares of Six Flags Entertainment and gave the stock a "buy" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. cut their price objective on shares of Six Flags Entertainment from $33.00 to $24.00 and set an "underweight" rating on the stock in a report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Six Flags Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.07.

Six Flags Entertainment Trading Down 0.2%

Shares of NYSE:FUN traded down $0.05 during midday trading on Tuesday, hitting $25.61. 538,626 shares of the stock traded hands, compared to its average volume of 2,298,232. The stock has a market capitalization of $2.59 billion, a PE ratio of -5.27 and a beta of 0.82. The business's 50 day moving average is $29.74 and its two-hundred day moving average is $34.59. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. Six Flags Entertainment has a one year low of $21.44 and a one year high of $49.77.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.53). Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The firm had revenue of $930.39 million for the quarter, compared to the consensus estimate of $999.82 million. The firm's revenue for the quarter was up 62.8% compared to the same quarter last year. As a group, research analysts forecast that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Institutional Trading of Six Flags Entertainment

Several hedge funds have recently added to or reduced their stakes in FUN. Darlington Partners Capital Management LP lifted its holdings in Six Flags Entertainment by 20.2% in the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company's stock valued at $264,741,000 after acquiring an additional 1,460,000 shares during the period. Dendur Capital LP increased its stake in shares of Six Flags Entertainment by 41.1% during the 2nd quarter. Dendur Capital LP now owns 4,433,500 shares of the company's stock valued at $134,911,000 after acquiring an additional 1,292,500 shares during the last quarter. Rush Island Management LP acquired a new position in shares of Six Flags Entertainment during the 2nd quarter valued at about $115,454,000. State Street Corp increased its position in Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company's stock worth $105,455,000 after purchasing an additional 27,848 shares in the last quarter. Finally, Long Pond Capital LP increased its position in Six Flags Entertainment by 55.2% during the 2nd quarter. Long Pond Capital LP now owns 3,296,660 shares of the company's stock worth $100,317,000 after purchasing an additional 1,172,101 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company's stock.

About Six Flags Entertainment

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.

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