Six Flags Entertainment (NYSE:FUN) Price Target Cut to $36.00 by Analysts at Mizuho

Six Flags Entertainment (NYSE:FUN - Free Report) had its price target trimmed by Mizuho from $43.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Citigroup cut their target price on Six Flags Entertainment from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Stifel Nicolaus raised their target price on shares of Six Flags Entertainment from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Morgan Stanley reduced their price objective on 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. Jefferies Financial Group cut their price objective on Six Flags Entertainment from $58.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, UBS Group lowered their price target on Six Flags Entertainment from $49.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.67.

Six Flags Entertainment Trading Up 0.5%

Shares of NYSE FUN traded up $0.16 during midday trading on Friday, reaching $30.91. 2,726,425 shares of the stock were exchanged, compared to its average volume of 1,743,529. The stock has a 50 day moving average price of $32.39 and a 200-day moving average price of $37.10. Six Flags Entertainment has a 52-week low of $27.07 and a 52-week high of $51.13. The company has a market capitalization of $3.13 billion, a P/E ratio of -11.12 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.

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

Insider Activity

In other Six Flags Entertainment news, Director Michelle M. Frymire sold 5,929 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 7,162 shares in the company, valued at approximately $271,368.18. This trade represents a 45.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position 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. ORG Wealth Partners LLC grew its stake 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 valued at $102,000 after purchasing an additional 1,002 shares during the period. Contravisory Investment Management Inc. increased its position in shares of Six Flags Entertainment by 42.5% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company's stock valued at $175,000 after purchasing an additional 1,717 shares during the last quarter. Castleview Partners LLC bought a new position in Six Flags Entertainment during the second quarter valued at about $239,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Six Flags Entertainment by 5.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company's stock valued at $287,000 after acquiring an additional 484 shares during the last quarter. 64.65% of the stock is currently owned by 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.