Six Flags Entertainment (NYSE:FUN) Stock Price Up 8% - Time to Buy?

Key Points

• Six Flags (NYSE:FUN) shares jumped about 8% to roughly $17.70 on Tuesday, though trading volume was unusually low (~620,885 shares, down ~73% vs. average).
• Analyst sentiment is mixed — the consensus is a "Hold" with an average price target of $24.62 (individual targets range roughly $17–$23 and ratings include buys, holds and sells).
• In its latest quarter the company posted a large EPS miss (−$0.91 vs. −$0.31 est.) but beat revenue ($650.1M vs. $602.7M), while profitability remains weak (net margin −51.6%) and leverage is high (debt-to-equity 9.40).

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report)'s share price was up 8% on Tuesday . The company traded as high as $17.95 and last traded at $17.6950. Approximately 620,885 shares were traded during trading, a decline of 73% from the average daily volume of 2,277,463 shares. The stock had previously closed at $16.39.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FUN shares. Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a research note on Friday, February 20th. Truist Financial set a $23.00 price target on Six Flags Entertainment and gave the stock a "buy" rating in a research note on Tuesday, December 2nd. Barclays reaffirmed an "overweight" rating and set a $22.00 price objective on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Weiss Ratings reiterated a "sell (d)" rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Finally, Jefferies Financial Group decreased 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 research report on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $24.62.

Six Flags Entertainment Stock Up 7.8%

The stock has a fifty day moving average of $16.85 and a two-hundred day moving average of $18.32. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 9.40. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -1.11 and a beta of 0.36.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The firm had revenue of $650.09 million for the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The business's revenue was down 5.4% compared to the same quarter last year. As a group, analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FUN. CoreCap Advisors LLC grew its stake in Six Flags Entertainment by 145.5% during the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company's stock worth $25,000 after buying an additional 975 shares during the period. Danske Bank A S acquired a new position in shares of Six Flags Entertainment during the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Six Flags Entertainment during the 4th quarter worth $28,000. Ameritas Advisory Services LLC acquired a new stake in Six Flags Entertainment in the 3rd quarter valued at $30,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 722 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

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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