Six Flags Entertainment (NYSE:FUN) Stock Price Up 3.9% – Here’s What Happened

Six Flags Entertainment Corporation (NYSE:FUN)’s stock price rose 3.9% during mid-day trading on Friday . The company traded as high as $14.82 and last traded at $14.9040. Approximately 1,371,249 shares were traded during trading, a decline of 53% from the average daily volume of 2,906,502 shares. The stock had previously closed at $14.35.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Six Flags Entertainment from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Truist Financial set a $23.00 target price on Six Flags Entertainment and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Citigroup dropped their price target on Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Guggenheim decreased their price objective on Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.07.

Six Flags Entertainment Price Performance

The firm has a 50-day moving average of $17.30 and a 200-day moving average of $23.42. 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 firm has a market capitalization of $1.52 billion, a P/E ratio of -0.84 and a beta of 0.39.

Six Flags Entertainment (NYSE:FUN) last announced 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). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Six Flags Entertainment had a positive return on equity of 9.64% and a negative net margin of 56.44%.The business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.21 earnings per share. As a group, analysts predict that Six Flags Entertainment Corporation will post 0.83 EPS for the current year.

Institutional Trading of Six Flags Entertainment

Several institutional investors and hedge funds have recently modified their holdings of FUN. Northwestern Mutual Wealth Management Co. lifted its position in shares of Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 722 shares in the last quarter. Danske Bank A S bought a new position in Six Flags Entertainment in the 3rd quarter worth approximately $27,000. Ameritas Advisory Services LLC purchased a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $30,000. Allworth Financial LP grew its holdings in Six Flags Entertainment by 1,179.0% during the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after buying an additional 1,403 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Six Flags Entertainment by 96.5% during the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after buying an additional 884 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors.

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.