Six Flags Entertainment (NYSE:FUN) Given New $40.00 Price Target at Barclays

Six Flags Entertainment (NYSE:FUN - Free Report) had its price target trimmed by Barclays from $43.00 to $40.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

FUN has been the subject of a number of other research reports. Mizuho increased their target price on Six Flags Entertainment from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Jefferies Financial Group lowered their target price on Six Flags Entertainment from $58.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their price target on Six Flags Entertainment from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Truist Financial reduced their price target on Six Flags Entertainment from $52.00 to $45.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, UBS Group initiated coverage on Six Flags Entertainment in a report on Wednesday, April 9th. They issued a "buy" rating and a $49.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $47.67.

Six Flags Entertainment Trading Down 4.9%

NYSE:FUN traded down $1.53 on Friday, hitting $29.82. 2,029,535 shares of the stock were exchanged, compared to its average volume of 1,715,715. The stock has a market cap of $3.01 billion, a PE ratio of -10.73 and a beta of 0.76. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 2.75. The stock has a fifty day moving average of $33.06 and a 200-day moving average of $37.93. Six Flags Entertainment has a fifty-two week low of $28.02 and a fifty-two week high of $54.58.

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

Insider Buying and Selling

In related news, Director Michelle M. Frymire sold 5,929 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $37.89, for a total value of $224,649.81. Following the sale, the director owned 7,162 shares of the company's stock, valued at approximately $271,368.18. This trade represents a 45.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Six Flags Entertainment

Several hedge funds have recently made changes to their positions in FUN. Peregrine Capital Management LLC lifted its holdings in shares of Six Flags Entertainment by 7.5% in the 1st quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company's stock worth $4,691,000 after purchasing an additional 9,231 shares during the last quarter. Veracity Capital LLC lifted its holdings in shares of Six Flags Entertainment by 20.0% in the 2nd quarter. Veracity Capital LLC now owns 25,282 shares of the company's stock worth $769,000 after purchasing an additional 4,214 shares during the last quarter. Balefire LLC lifted its holdings in shares of Six Flags Entertainment by 73.7% in the 2nd quarter. Balefire LLC now owns 91,556 shares of the company's stock worth $2,786,000 after purchasing an additional 38,832 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Six Flags Entertainment by 5.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company's stock worth $287,000 after purchasing an additional 484 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Six Flags Entertainment by 42.5% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company's stock worth $175,000 after purchasing an additional 1,717 shares during the last quarter. Institutional investors 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.