Stifel Nicolaus Cuts Six Flags Entertainment (NYSE:FUN) Price Target to $43.00

Six Flags Entertainment (NYSE:FUN - Free Report) had its price objective reduced by Stifel Nicolaus from $50.00 to $43.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

FUN has been the topic of several other research reports. The Goldman Sachs Group cut their price target on Six Flags Entertainment from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Wall Street Zen cut Six Flags Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Barclays cut their price target on Six Flags Entertainment from $43.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, July 11th. Mizuho cut their price target on Six Flags Entertainment from $43.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, UBS Group cut their price target on Six Flags Entertainment from $49.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.67.

Six Flags Entertainment Stock Up 0.3%

Shares of FUN stock traded up $0.11 during trading hours on Friday, reaching $30.86. The company had a trading volume of 486,433 shares, compared to its average volume of 1,734,866. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.28 and a current ratio of 0.37. Six Flags Entertainment has a twelve month low of $27.07 and a twelve month high of $51.13. The company has a market capitalization of $3.12 billion, a P/E ratio of -11.10 and a beta of 0.76. The stock's fifty day simple moving average is $32.39 and its 200 day simple moving average is $37.10.

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

Insider Buying and Selling at Six Flags Entertainment

In related news, Director Michelle M. Frymire sold 5,929 shares of Six Flags Entertainment stock in a transaction dated 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 transaction, the director directly owned 7,162 shares of the company's stock, valued at $271,368.18. The trade was a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balefire LLC increased its position in shares of Six Flags Entertainment by 73.7% in the second quarter. Balefire LLC now owns 91,556 shares of the company's stock valued at $2,786,000 after acquiring an additional 38,832 shares during the last quarter. Peregrine Capital Management LLC increased its position 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 acquiring an additional 9,231 shares during the last quarter. Castleview Partners LLC acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at about $239,000. State of Alaska Department of Revenue increased its position in shares of Six Flags Entertainment by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company's stock valued at $1,701,000 after acquiring an additional 4,251 shares during the last quarter. Finally, Veracity Capital LLC increased its position 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 acquiring an additional 4,214 shares during the last quarter. Institutional investors own 64.65% of the company's stock.

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.