Six Flags Entertainment (NYSE:FUN) Stock Falls 3.8% – Time to Sell?

Six Flags Entertainment Corporation (NYSE:FUN)’s share price fell 3.8% on Tuesday. The company traded as low as $7.98 and last traded at $7.9980. 440,459 shares changed hands during trading, a decline of 82% from the average daily volume of 2,392,808 shares. The stock had previously closed at $8.31.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FUN. UBS Group dropped their price objective on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday. Guggenheim lowered their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a report on Friday, July 24th. Mizuho set a $10.00 price target on Six Flags Entertainment and gave the stock an “underperform” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, Truist Financial reduced their price target on shares of Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Six Flags Entertainment has an average rating of “Hold” and an average price target of $19.62.

Six Flags Entertainment Trading Down 6.3%

The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34. The company has a market capitalization of $797.07 million, a P/E ratio of -0.45 and a beta of 0.45. The firm’s 50-day moving average price is $13.44 and its 200 day moving average price is $17.56.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). The company had revenue of $864.92 million for the quarter, compared to analyst estimates of $928.36 million. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. Six Flags Entertainment’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. As a group, equities research analysts predict that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current year.

Insider Transactions at Six Flags Entertainment

In related news, CEO John Reilly purchased 15,713 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the acquisition, the chief executive officer owned 297,736 shares of the company’s stock, valued at $4,704,228.80. This represents a 5.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in FUN. Atlas Wealth LLC bought a new stake in shares of Six Flags Entertainment during the 1st quarter worth $26,000. Integrated Wealth Concepts LLC bought a new position in Six Flags Entertainment during the second quarter valued at about $31,000. Allworth Financial LP bought a new position in Six Flags Entertainment during the second quarter valued at about $35,000. Public Employees Retirement System of Ohio increased its holdings in Six Flags Entertainment by 36.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after buying an additional 539 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Six Flags Entertainment in the second quarter worth about $54,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.