Six Flags Entertainment (NYSE:FUN) Reaches New 52-Week Low - Time to Sell?

Key Points

• Six Flags Entertainment's stock reached a new 52-week low of $20.55 during trading, reflecting a decline in market performance.
• The company reported a loss in quarterly earnings with an EPS of $0.26, significantly missing analysts' estimated EPS of $0.79, while revenues for the quarter were $930.39 million.
• Analysts show divided opinions with 9 Buy ratings, 3 Hold ratings, and 2 Sell ratings, resulting in an average price target of $34.21 for the stock.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $20.55 and last traded at $20.59, with a volume of 800586 shares traded. The stock had previously closed at $21.13.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Guggenheim set a $43.00 price target on shares of Six Flags Entertainment and gave the stock a "buy" rating in a research note on Thursday, August 7th. Barclays dropped their price target on shares of Six Flags Entertainment from $40.00 to $27.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. UBS Group dropped their price target on shares of Six Flags Entertainment from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Citigroup dropped their price target on shares of Six Flags Entertainment from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. Finally, Truist Financial downgraded shares of Six Flags Entertainment from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.21.

Six Flags Entertainment Trading Down 1.5%

The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -4.29 and a beta of 0.71. The business has a fifty day moving average price of $24.06 and a 200 day moving average price of $29.87. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued 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 return on equity of 1.00% and a negative net margin of 14.92%.The business had revenue of $930.39 million for the quarter, compared to analyst estimates of $999.82 million. The company's revenue was up 62.8% compared to the same quarter last year. On average, equities analysts expect that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FUN. Peregrine Capital Management LLC raised its stake in shares of Six Flags Entertainment by 7.5% in the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company's stock valued at $4,691,000 after purchasing an additional 9,231 shares in the last quarter. Veracity Capital LLC raised its stake in shares of Six Flags Entertainment by 20.0% in the second quarter. Veracity Capital LLC now owns 25,282 shares of the company's stock valued at $769,000 after purchasing an additional 4,214 shares in the last quarter. Balefire LLC raised its stake in Six Flags Entertainment by 73.7% during the second quarter. Balefire LLC now owns 91,556 shares of the company's stock worth $2,786,000 after acquiring an additional 38,832 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised 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 acquiring an additional 484 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised 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 acquiring an additional 1,717 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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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