Six Flags Entertainment (NYSE:FUN) Earns Market Outperform Rating from Analysts at Citizens Jmp

Stock analysts at Citizens Jmp assumed coverage on shares of Six Flags Entertainment (NYSE:FUN) in a research report issued on Monday,Benzinga reports. The brokerage set a “market outperform” rating and a $29.00 price target on the stock. Citizens Jmp’s target price would indicate a potential upside of 32.43% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Oppenheimer dropped their price objective on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. raised shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Friday, May 8th. UBS Group lifted their target price on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Guggenheim decreased their price target on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.43.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $21.90 on Monday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -1.34 and a beta of 0.38. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. The company has a 50 day moving average price of $20.90 and a 200 day moving average price of $18.14. Six Flags Entertainment has a one year low of $12.51 and a one year high of $33.50.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The business had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Sell-side analysts anticipate that Six Flags Entertainment will post -0.28 EPS for the current year.

Insider Buying and Selling at Six Flags Entertainment

In other news, Director Marilyn G. Spiegel acquired 2,500 shares of the stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. The trade was a 19.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Rehan Jaffer acquired 125,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the purchase, the director directly owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 265,000 shares of company stock valued at $6,173,850 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Six Flags Entertainment by 0.5% during 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 in the last quarter. Morgan Stanley grew its position in shares of Six Flags Entertainment by 62.1% in the 4th quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after acquiring an additional 3,629,445 shares in the last quarter. Darlington Partners Capital Management LP increased its holdings in shares of Six Flags Entertainment by 20.2% in the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after acquiring an additional 1,460,000 shares during the last quarter. UBS Group AG raised its position in shares of Six Flags Entertainment by 533.4% during the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after acquiring an additional 4,446,104 shares in the last quarter. Finally, Dendur Capital LP raised its position in shares of Six Flags Entertainment by 6.2% during the 4th quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock valued at $75,987,000 after acquiring an additional 290,000 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

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.