Shares of Six Flags Entertainment Corporation (NYSE:FUN – Get Free Report) have been given a consensus rating of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.9286.
A number of research firms have recently weighed in on FUN. Citigroup reissued a “neutral” rating on shares of Six Flags Entertainment in a research report on Friday, August 7th. Mizuho set a $10.00 price objective on Six Flags Entertainment and gave the company an “underperform” rating in a research report on Friday, August 7th. Guggenheim dropped their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Stifel Nicolaus set a $23.00 price target on Six Flags Entertainment in a research note on Friday, August 7th. Finally, Zacks Research downgraded shares of Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, August 11th.
Get Our Latest Stock Analysis on Six Flags Entertainment
Six Flags Entertainment Stock Performance
Insider Buying and Selling
In other news, CEO John T. Reilly acquired 15,713 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost 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 $4,704,228.80. This trade represents a 5.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer acquired 125,000 shares of Six Flags Entertainment stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the transaction, the director owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This trade represents a 2.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 265,713 shares of company stock valued at $6,135,765 in the last three months. Corporate insiders own 2.10% of the company’s stock.
Institutional Investors Weigh In On Six Flags Entertainment
Several hedge funds have recently made changes to their positions in FUN. Pin Oak Investment Advisors Inc. bought a new position in shares of Six Flags Entertainment in the second quarter valued at about $113,000. Twin Lakes Capital Management LLC bought a new stake in shares of Six Flags Entertainment during the 2nd quarter valued at approximately $720,000. Public Employees Retirement System of Ohio bought a new stake in shares of Six Flags Entertainment in the 2nd quarter worth approximately $54,000. Silver Point Capital L.P. bought a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $2,769,000,000. Finally, Bank of America Corp DE bought a new stake in shares of Six Flags Entertainment during the 2nd quarter worth $9,066,000. Institutional investors own 64.65% of the company’s stock.
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.
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