Six Flags Entertainment (NYSE:FUN) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Six Flags Entertainment (NYSE:FUN) from a strong sell rating to a sell rating in a research note released on Saturday.

A number of other research firms have also weighed in on FUN. Mizuho boosted their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Truist Financial boosted their price target on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Weiss Ratings upgraded shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. Oppenheimer lowered their price target on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $24.85.

Six Flags Entertainment Stock Up 5.9%

Shares of NYSE FUN opened at $21.27 on Friday. The company’s 50-day simple moving average is $18.24 and its 200-day simple moving average is $17.15. Six Flags Entertainment has a 52-week low of $12.51 and a 52-week high of $38.27. 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 quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The firm had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. Equities analysts predict that Six Flags Entertainment will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard M. Haddrill purchased 10,000 shares of Six Flags Entertainment stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $19.08 per share, with a total value of $190,800.00. Following the purchase, the insider owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marilyn G. Spiegel purchased 2,500 shares of Six Flags Entertainment stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $19.12 per share, for a total transaction of $47,800.00. Following the completion of the purchase, the director directly owned 12,661 shares in the company, valued at approximately $242,078.32. This trade represents a 24.60% increase in their position. The SEC filing for this purchase provides additional information. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in FUN. CoreCap Advisors LLC grew its holdings in shares of Six Flags Entertainment by 145.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after purchasing an additional 975 shares in the last quarter. Atlas Wealth LLC acquired a new position in shares of Six Flags Entertainment in the 1st quarter valued at $26,000. Danske Bank A S acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Six Flags Entertainment in the 4th quarter valued at $28,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $30,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

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.