Six Flags Entertainment (NYSE:FUN) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Technical signal: Six Flags shares crossed above their 200‑day moving average, trading as high as $18.52 and last at $17.97 on ~1.45M shares, suggesting a potential technical shift.
• Mixed analyst view: MarketBeat shows a consensus "Hold" with an average price target of $23.69 (7 Buys, 5 Holds, 2 Sells) after recent target revisions ranging roughly $17–$29.
• Fundamentals remain weak: the company missed quarterly EPS (‑$0.91 vs. ‑$0.31 expected), posted a −51.6% net margin and revenue down 5.4% YoY, and carries a very high debt‑to‑equity ratio (9.40) despite heavy institutional ownership (64.65%).

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.34 and traded as high as $18.52. Six Flags Entertainment shares last traded at $17.97, with a volume of 1,447,648 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FUN. Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a report on Friday, February 20th. Guggenheim dropped their price target on Six Flags Entertainment from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Monday, April 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Mizuho raised their price objective on Six Flags Entertainment from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. Finally, Jefferies Financial Group dropped their target price on shares of Six Flags Entertainment from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.69.

Six Flags Entertainment Stock Down 1.3%

The company has a debt-to-equity ratio of 9.40, a current ratio of 0.69 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $17.64 and a 200-day simple moving average of $17.34. The firm has a market cap of $1.83 billion, a PE ratio of -1.13 and a beta of 0.32.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The company had revenue of $650.09 million for the quarter, compared to the consensus estimate of $602.68 million. Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The business's revenue was down 5.4% compared to the same quarter last year. Sell-side analysts predict that Six Flags Entertainment Corporation will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Six Flags Entertainment by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company's stock worth $228,739,000 after acquiring an additional 53,111 shares during the last quarter. Morgan Stanley boosted its stake in Six Flags Entertainment by 62.1% during the 4th quarter. Morgan Stanley now owns 9,473,532 shares of the company's stock valued at $145,324,000 after purchasing an additional 3,629,445 shares during the last quarter. Darlington Partners Capital Management LP increased its holdings in shares of Six Flags Entertainment by 20.2% in the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company's stock worth $264,741,000 after purchasing an additional 1,460,000 shares in the last quarter. UBS Group AG increased its holdings in shares of Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company's stock worth $80,991,000 after purchasing an additional 4,446,104 shares in the last quarter. Finally, Dendur Capital LP raised its stake in shares of Six Flags Entertainment by 6.2% in the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company's stock worth $75,987,000 after purchasing an additional 290,000 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company's stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.

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