Six Flags Entertainment (NYSE:FUN) Director Marilyn Spiegel Acquires 2,500 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUNGet Free Report) Director Marilyn Spiegel purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $19.12 per share, with a total value of $47,800.00. Following the purchase, the director owned 12,661 shares of the company’s stock, valued at approximately $242,078.32. This trade represents a 24.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Six Flags Entertainment Trading Up 4.0%

Shares of FUN stock opened at $20.09 on Friday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -1.23 and a beta of 0.35. The stock has a 50-day moving average of $18.15 and a 200-day moving average of $17.12. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $38.27.

Six Flags Entertainment (NYSE:FUNGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.06. The company had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. On average, equities research analysts forecast that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Six Flags Entertainment

Several large investors have recently added to or reduced their stakes in FUN. Russell Investments Group Ltd. grew its stake in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after purchasing an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Six Flags Entertainment by 259.7% in the second 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 period. Invesco Ltd. grew its stake in Six Flags Entertainment by 2.5% in the second quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after acquiring an additional 5,775 shares during the period. State Street Corp grew its stake in Six Flags Entertainment by 0.8% in the second quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after acquiring an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in Six Flags Entertainment by 249.9% in the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after acquiring an additional 465,572 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zacks Research raised Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Barclays raised their target price on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. raised Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price for the company in a research note on Friday, May 8th. Oppenheimer decreased their target price on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Weiss Ratings raised Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. 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’s stock. Based on data from MarketBeat.com, Six Flags Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.85.

View Our Latest Analysis on Six Flags Entertainment

About Six Flags Entertainment

(Get Free Report)

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.

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