Six Flags Entertainment (NYSE:FUN) Upgraded to Hold at Zacks Research

Six Flags Entertainment (NYSE:FUN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Several other analysts have also issued reports on the stock. Northcoast Research began coverage on shares of Six Flags Entertainment in a research note on Wednesday, July 8th. They issued a “neutral” rating for the company. Barclays lowered their target price on shares of Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Guggenheim dropped their price target on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Oppenheimer cut their price target on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Six Flags Entertainment has an average rating of “Hold” and an average target price of $20.54.

Six Flags Entertainment Trading Down 14.8%

Shares of Six Flags Entertainment stock opened at $10.15 on Monday. The stock has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $17.81. Six Flags Entertainment has a 12-month low of $9.80 and a 12-month high of $27.37. The company has a market capitalization of $1.04 billion, a P/E ratio of -0.59 and a beta of 0.45. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The company had revenue of $864.92 million during the quarter, compared to analysts’ expectations of $928.36 million. During the same period in the previous year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Six Flags Entertainment will post -0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, CEO John Reilly bought 15,713 shares of Six Flags Entertainment stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the purchase, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by insiders.

Institutional Trading of Six Flags Entertainment

A number of institutional investors have recently modified their holdings of FUN. Atlas Wealth LLC bought a new stake in shares of Six Flags Entertainment during the first quarter valued at about $26,000. Integrated Wealth Concepts LLC bought a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $31,000. Allworth Financial LP bought a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $35,000. Public Employees Retirement System of Ohio boosted its position in shares of Six Flags Entertainment by 36.1% in the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Six Flags Entertainment during the second quarter valued at approximately $54,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

• Negative Sentiment: One person reportedly died and several others were injured in the Georgia incident. The tragedy is likely to increase scrutiny of Six Flags’ maintenance, inspection and operating practices. Six Flags shares plunge after-hours following report of deadly roller coaster incident
• Negative Sentiment: Six Flags temporarily shut nine rides across six parks in the United States and Canada, including similar attractions, while investigations and safety reviews proceed. The closures could reduce attendance, revenue and profitability, particularly if they persist. Six Flags Closes Several Rides After Georgia Roller-Coaster Death
• Negative Sentiment: Investors are concerned that the accident could derail Six Flags’ turnaround efforts after its merger-related struggles, while creating additional litigation, insurance and compliance costs. The company’s limited liquidity and elevated leverage could make it harder to absorb prolonged disruptions. Goliath Roller-Coaster Death Casts Long Shadow Over Six Flags’ Turnaround Hopes
• Negative Sentiment: A shareholder law firm announced a pending investigation into potential claims on behalf of investors who suffered losses. Although the notice does not establish wrongdoing, it increases headline and legal risk. Six Flags Entertainment Investigation Notice
• Negative Sentiment: Unusually heavy put-option activity indicates increased bearish positioning and concern about further volatility. Shares were trading near their 52-week low, intensifying pressure on management to clarify the incident, ride closures and financial impact.

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.