Six Flags Entertainment Corporation (NYSE:FUN – Get Free Report) shares hit a new 52-week low on Monday. The company traded as low as $7.95 and last traded at $8.0180, with a volume of 318,943 shares changing hands. The stock had previously closed at $8.11.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on FUN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Six Flags Entertainment in a research report on Wednesday, August 12th. Wall Street Zen lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Citizens Jmp decreased their target price on Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a research report on Friday, August 7th. Guggenheim lowered their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Northcoast Research assumed coverage on Six Flags Entertainment in a research report on Wednesday, July 8th. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.62.
Get Our Latest Stock Report on Six Flags Entertainment
Six Flags Entertainment Stock Down 5.5%
The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. The firm has a market cap of $803.72 million, a PE ratio of -0.45 and a beta of 0.45. The business’s 50-day simple moving average is $13.28 and its 200 day simple moving average is $17.49.
Six Flags Entertainment (NYSE:FUN – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.15). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The business 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 EPS. Six Flags Entertainment’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities research analysts expect that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO John Reilly acquired 15,713 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.
Institutional Trading of Six Flags Entertainment
Institutional investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC acquired a new position in Six Flags Entertainment in the 3rd quarter worth approximately $177,000. WINTON GROUP Ltd raised its position in shares of Six Flags Entertainment by 22.9% in the second quarter. WINTON GROUP Ltd now owns 241,990 shares of the company’s stock worth $5,154,000 after acquiring an additional 45,158 shares during the period. Engineers Gate Manager LP acquired a new stake in Six Flags Entertainment in the second quarter valued at approximately $898,000. Integrated Wealth Concepts LLC acquired a new position in Six Flags Entertainment during the second quarter worth $31,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Six Flags Entertainment during the 2nd quarter worth about $432,000. 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 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.
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