Insider Buying: Six Flags Entertainment (NYSE:FUN) Director Purchases 2,500 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN – Get Free Report) Director Marilyn Spiegel purchased 2,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director owned 15,161 shares of the company’s stock, valued at approximately $289,575.10. The trade was a 19.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Six Flags Entertainment Trading Up 1.1%

Shares of FUN traded up $0.22 during trading on Tuesday, reaching $20.05. 1,109,252 shares of the company traded hands, compared to its average volume of 2,094,227. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $35.65. The stock has a market cap of $2.05 billion, a PE ratio of -1.23 and a beta of 0.35. The stock has a 50-day simple moving average of $18.67 and a 200-day simple moving average of $16.94. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13.

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Six Flags Entertainment (NYSE:FUN – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. The business had revenue of $225.63 million during the quarter, compared to analyst estimates of $207.49 million. On average, analysts anticipate that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FUN shares. Barclays raised their price objective on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Mizuho raised their price objective on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Citigroup raised their price objective on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Zacks Research raised shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.85.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted 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 worth $30,000 after acquiring an additional 722 shares during the last quarter. Danske Bank A S purchased a new position in Six Flags Entertainment in the third quarter worth approximately $27,000. Ameritas Advisory Services LLC purchased a new position in Six Flags Entertainment in the third quarter worth approximately $30,000. Atlas Wealth LLC purchased a new stake in shares of Six Flags Entertainment during the 1st quarter worth approximately $26,000. Finally, CoreCap Advisors LLC lifted its position in shares of Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after buying an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

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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