Six Flags Entertainment Corporation (NYSE:FUN) Given Average Rating of “Moderate Buy” by Analysts

Six Flags Entertainment Corporation (NYSE:FUN) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $24.8462.

FUN has been the subject of several research analyst reports. Oppenheimer cut their price objective on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group raised their target price on Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Friday, May 8th. Finally, Citigroup increased their price objective on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th.

Six Flags Entertainment Trading Up 5.9%

Shares of FUN opened at $21.27 on Friday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -1.30 and a beta of 0.35. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $38.27. The firm has a 50 day moving average price of $18.24 and a 200-day moving average price of $17.15.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. The firm had revenue of $225.63 million for 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%. As a group, equities research analysts forecast that Six Flags Entertainment will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Marilyn G. Spiegel purchased 2,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $19.12 per share, for a total transaction of $47,800.00. Following the completion of the transaction, the director directly owned 12,661 shares in the company, valued at $242,078.32. This trade represents a 24.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard M. Haddrill bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the purchase, the insider owned 230,117 shares in the company, valued at $4,390,632.36. This represents a 4.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC boosted 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 worth $25,000 after purchasing an additional 975 shares during the period. Atlas Wealth LLC bought a new stake in shares of Six Flags Entertainment during the first quarter valued at approximately $26,000. Danske Bank A S purchased a new position in shares of Six Flags Entertainment in the third quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Six Flags Entertainment in the fourth quarter worth $28,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Six Flags Entertainment during the third quarter worth $30,000. Institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

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.