UBS Group Lowers Six Flags Entertainment (NYSE:FUN) Price Target to $40.00

Six Flags Entertainment (NYSE:FUN - Get Free Report) had its price target dropped by research analysts at UBS Group from $49.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 30.12% from the company's current price.

A number of other research firms have also weighed in on FUN. Jefferies Financial Group reduced their price objective 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. Wall Street Zen lowered Six Flags Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. The Goldman Sachs Group cut their price target on Six Flags Entertainment from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. cut their price target on Six Flags Entertainment from $46.00 to $28.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus lifted their price target on Six Flags Entertainment from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Two 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.67.

Six Flags Entertainment Stock Performance

Shares of NYSE FUN traded up $1.30 during trading on Tuesday, reaching $30.74. 3,353,180 shares of the company traded hands, compared to its average volume of 1,737,108. The firm's fifty day simple moving average is $32.50 and its 200 day simple moving average is $37.37. The stock has a market cap of $3.11 billion, a P/E ratio of -11.06 and a beta of 0.76. Six Flags Entertainment has a 12-month low of $27.07 and a 12-month high of $52.00. 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 released 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 business had revenue of $202.06 million during the quarter, compared to analyst estimates of $235.51 million. Six Flags Entertainment had a positive return on equity of 0.66% and a negative net margin of 11.30%. The company's revenue was up 98.9% compared to the same quarter last year. As a group, research analysts anticipate that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michelle M. Frymire sold 5,929 shares of the company'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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Six Flags Entertainment

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings 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. ORG Wealth Partners LLC lifted its stake in Six Flags Entertainment by 45.8% during the second 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. Contravisory Investment Management Inc. lifted its stake in Six Flags Entertainment by 42.5% during the second 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 in the last quarter. Castleview Partners LLC acquired a new position in Six Flags Entertainment during the second quarter worth $239,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Six Flags Entertainment by 5.7% during the second 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 in the last quarter. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

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.