Six Flags Entertainment (NYSE:FUN) Stock Price Down 7.4% – Here’s Why

Six Flags Entertainment Corporation (NYSE:FUN) traded down 7.4% on Monday . The company traded as low as $20.58 and last traded at $20.3820. 217,547 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 2,110,807 shares. The stock had previously closed at $22.01.

Analyst Ratings Changes

FUN has been the topic of a number of analyst reports. Guggenheim dropped their price objective on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research note on Friday, May 8th. Jefferies Financial Group dropped their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 13th. Weiss Ratings upgraded shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. Finally, Citigroup lifted their target price on Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.85.

Six Flags Entertainment Stock Up 2.2%

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 firm has a fifty day simple moving average of $18.04 and a 200-day simple moving average of $17.20. The company has a market capitalization of $1.97 billion, a PE ratio of -1.18 and a beta of 0.35.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, topping 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 company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Equities research analysts anticipate that Six Flags Entertainment Corporation will post -0.49 EPS for the current fiscal year.

Institutional Trading of Six Flags Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Six Flags Entertainment by 259.7% in the 2nd 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 during the last quarter. Danske Bank A S acquired a new position in Six Flags Entertainment in the third quarter worth $27,000. Ameritas Advisory Services LLC bought a new stake in Six Flags Entertainment during the third quarter valued at $30,000. Atlas Wealth LLC bought a new stake in Six Flags Entertainment during the first quarter valued at $26,000. Finally, CoreCap Advisors LLC raised its holdings in shares of Six Flags Entertainment by 145.5% during the fourth 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. Institutional investors and hedge funds 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.