Six Flags Entertainment (NYSE:FUN) Hits New 1-Year Low - Here's What Happened

Key Points

• Six Flags Entertainment shares have reached a new 52-week low of $21.26 during trading, indicating a significant decline in stock value.
• Several analysts have downgraded Six Flags' ratings, with price targets ranging from $23.00 to $47.00 and a consensus target of $36.36, signaling caution among investors.
• The company's recent earnings report showed a negative EPS of $0.26, significantly missing the analysts' expectations, although revenue increased by 62.8% year-over-year.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.26 and last traded at $21.80, with a volume of 160115 shares changing hands. The stock had previously closed at $21.40.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FUN shares. Wall Street Zen downgraded Six Flags Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Morgan Stanley cut their price objective on Six Flags Entertainment from $47.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, August 4th. The Goldman Sachs Group cut their price target on Six Flags Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Truist Financial lowered Six Flags Entertainment from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on Six Flags Entertainment from $33.00 to $24.00 and set an "underweight" rating for the company in a research report on Thursday, August 14th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Six Flags Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $36.36.

Six Flags Entertainment Stock Performance

The company has a 50-day moving average of $26.20 and a 200 day moving average of $31.10. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $2.25 billion, a PE ratio of -4.59 and a beta of 0.72.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates 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 business 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% on a year-over-year basis. Equities research analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FUN. Northwestern Mutual Wealth Management Co. grew its stake in shares of Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 722 shares in the last quarter. Allworth Financial LP lifted its position in Six Flags Entertainment by 1,179.0% in the second quarter. Allworth Financial LP now owns 1,522 shares of the company's stock valued at $46,000 after acquiring an additional 1,403 shares during the last quarter. GAMMA Investing LLC lifted its position in Six Flags Entertainment by 96.5% in the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company's stock valued at $55,000 after acquiring an additional 884 shares during the last quarter. Caldwell Trust Co purchased a new stake in Six Flags Entertainment in the second quarter valued at $56,000. Finally, Russell Investments Group Ltd. lifted its position in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company's stock valued at $86,000 after acquiring an additional 586 shares during the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

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.

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