Six Flags Entertainment Corporation (NYSE:FUN) Given Average Recommendation of “Hold” by Analysts

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $28.2857.

FUN has been the subject of several recent analyst reports. Mizuho cut their target price on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Guggenheim reduced their target price on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Stifel Nicolaus dropped their price target on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. UBS Group reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Six Flags Entertainment

Several hedge funds have recently bought and sold shares of FUN. Vanguard Group Inc. lifted its stake 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 valued at $228,739,000 after purchasing an additional 53,111 shares during the last quarter. Darlington Partners Capital Management LP boosted its stake in Six Flags Entertainment by 20.2% during the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock worth $264,741,000 after acquiring an additional 1,460,000 shares in the last quarter. Dendur Capital LP boosted its position in shares of Six Flags Entertainment by 41.1% during the 2nd quarter. Dendur Capital LP now owns 4,433,500 shares of the company’s stock worth $134,911,000 after purchasing an additional 1,292,500 shares in the last quarter. JANA Partners Management LP bought a new stake in shares of Six Flags Entertainment during the third quarter valued at approximately $92,015,000. Finally, Rush Island Management LP acquired a new position in Six Flags Entertainment during the second quarter worth $115,454,000. 64.65% of the stock is owned by institutional investors.

Six Flags Entertainment Stock Up 1.5%

Shares of Six Flags Entertainment stock opened at $14.99 on Wednesday. Six Flags Entertainment has a 1 year low of $12.51 and a 1 year high of $49.77. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.58 and a quick ratio of 0.48. The company has a market capitalization of $1.52 billion, a P/E ratio of -0.83 and a beta of 0.39. The business has a 50-day moving average of $18.25 and a two-hundred day moving average of $24.21.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing the consensus estimate of $2.24 by ($14.01). Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $4.21 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts predict that Six Flags Entertainment will post 0.83 EPS for the current year.

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.