Six Flags Entertainment (NYSE:FUN) Shares Cross Above Fifty Day Moving Average – What’s Next?

Six Flags Entertainment Corporation (NYSE:FUN)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $10.77 and traded as high as $11.30. Six Flags Entertainment shares last traded at $11.1510, with a volume of 5,201,008 shares traded.

Top Six Flags Entertainment Stories

Here are a few of the latest stories about FUN:

• Positive Sentiment: Director Rehan Jaffer bought 1.45 million shares for about $14.9 million over several days, while Executive Chairman Richard Haddrill and Chief Legal Officer Christopher Bennett also purchased shares. The sizeable insider purchases could signal confidence in the company’s prospects, though they do not remove its business risks. Insider buying report
• Neutral Sentiment: Six Flags named Adam Boal chief procurement officer. The hire supports management’s cost-saving efforts, but its financial impact is not yet clear. Six Flags announcement
• Negative Sentiment: Recent quarterly results included a $3.59-per-share loss, driven in large part by a substantial non-cash impairment. October attendance weakness and ride closures also led to a reduction in fourth-quarter EBITDA guidance, while high debt remains a key investor concern. Quarterly results coverage

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citizens Jmp lowered their price target on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating for the company in a research note on Thursday, October 22nd. Mizuho set a $5.00 price target on shares of Six Flags Entertainment in a report on Wednesday, October 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $9.00 price objective on shares of Six Flags Entertainment in a report on Friday, November 6th. UBS Group lowered their target price on shares of Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Finally, Oppenheimer cut their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus target price of $14.85.

Six Flags Entertainment Stock Performance

The company has a market capitalization of $1.14 billion, a P/E ratio of -1.22 and a beta of 0.50. The stock has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $16.62. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). Six Flags Entertainment had a negative net margin of 31.91% and a negative return on equity of 15.95%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned ($2.20) earnings per share. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. Equities analysts forecast that Six Flags Entertainment Corporation will post -4.56 EPS for the current year.

Insider Transactions at Six Flags Entertainment

In related news, insider Richard Haddrill bought 9,000 shares of the company’s stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of $10.08 per share, for a total transaction of $90,720.00. Following the acquisition, the insider owned 239,117 shares of the company’s stock, valued at approximately $2,410,299.36. This represents a 3.91% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher Lawrence Bennett purchased 5,000 shares of the company’s stock in a transaction on Friday, November 6th. The stock was purchased at an average cost of $9.32 per share, for a total transaction of $46,600.00. Following the purchase, the insider directly owned 51,697 shares in the company, valued at approximately $481,816.04. This trade represents a 10.71% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 1,464,000 shares of company stock valued at $15,066,320 over the last 90 days. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently bought and sold shares of FUN. BlackRock Inc. bought a new position in Six Flags Entertainment during the second quarter worth about $339,057,000. Kanen Wealth Management LLC acquired a new stake in Six Flags Entertainment during the first quarter worth approximately $15,063,000. Bank of New York Mellon Corp bought a new position in Six Flags Entertainment during the 2nd quarter worth $11,975,000. Jupiter Topco LLC bought a new position in Six Flags Entertainment during the 2nd quarter worth $10,348,000. Finally, Bank of America Corp DE acquired a new position in Six Flags Entertainment in the 2nd quarter valued at $9,066,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and related resort properties. Its attractions include rides, live entertainment, family activities, dining and seasonal events, with access offered through single-day tickets, season passes and other guest programs. The company serves visitors across the United States, Canada and Mexico through parks that include properties formerly operated by both the Six Flags and Cedar Fair organizations. Six Flags Entertainment was formed when Cedar Fair and Six Flags combined in a merger completed in 2024.