FUN has been the subject of several other reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price objective (down from $30.00) on shares of Six Flags Entertainment in a research report on Monday, November 10th. Capital One Financial set a $28.00 target price on shares of Six Flags Entertainment in a research note on Tuesday, October 7th. Mizuho dropped their price target on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Barclays reduced their price objective on Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Six Flags Entertainment has a consensus rating of “Hold” and a consensus target price of $28.29.
Read Our Latest Stock Analysis on FUN
Six Flags Entertainment Stock Performance
NYSE:FUN opened at $15.28 on Tuesday. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $49.77. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58. The company has a 50 day moving average price of $19.72 and a 200 day moving average price of $25.60. The stock has a market capitalization of $1.55 billion, a P/E ratio of -0.86 and a beta of 0.39.
Six Flags Entertainment (NYSE:FUN – Get Free Report) last released its quarterly earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $4.21 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts forecast that Six Flags Entertainment will post 0.83 EPS for the current year.
Institutional Trading of Six Flags Entertainment
Institutional investors have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter valued at approximately $18,288,000. Aurora Investment Counsel raised its holdings in Six Flags Entertainment by 114.8% during the second quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock worth $1,025,000 after purchasing an additional 17,995 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Six Flags Entertainment during the second quarter worth $656,000. Geode Capital Management LLC grew its holdings in Six Flags Entertainment by 2.4% in the second quarter. Geode Capital Management LLC now owns 2,208,815 shares of the company’s stock valued at $67,222,000 after purchasing an additional 52,337 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Six Flags Entertainment by 56.5% in the second quarter. Envestnet Asset Management Inc. now owns 61,081 shares of the company’s stock valued at $1,859,000 after buying an additional 22,054 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Six Flags Entertainment Company Profile
(
Get Free Report)
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.
Further Reading
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