Marilyn Spiegel Acquires 2,500 Shares of Six Flags Entertainment (NYSE:FUN) Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Marilyn Spiegel acquired 2,500 shares of Six Flags Entertainment stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the transaction, the director directly owned 15,161 shares in the company, valued at approximately $289,575.10. The trade was a 19.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Six Flags Entertainment Stock Up 1.1%

Shares of NYSE:FUN traded up $0.22 during trading on Tuesday, hitting $20.05. 1,109,252 shares of the company were exchanged, compared to its average volume of 2,094,227. The stock has a market capitalization of $2.05 billion, a P/E ratio of -1.23 and a beta of 0.35. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $35.65. The firm’s 50 day moving average price is $18.67 and its 200-day moving average price is $16.94.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping the consensus estimate of ($2.71) by $0.06. The business had revenue of $225.63 million during the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. On average, research analysts predict that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FUN has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings cut shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a report on Friday, February 20th. Mizuho lifted their target price on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Oppenheimer cut their target price on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.85.

Hedge Funds Weigh In On Six Flags Entertainment

Institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC increased its stake in Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after buying an additional 975 shares during the period. Atlas Wealth LLC acquired a new position in Six Flags Entertainment in the 1st quarter valued at $26,000. Danske Bank A S acquired a new position in Six Flags Entertainment in the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth $28,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Six Flags Entertainment during the 3rd quarter worth $30,000. 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.