Key Points
- Insider buying: Six Flags Entertainment insider Richard Haddrill bought 10,000 shares at $19.08 each, totaling $190,800. After the purchase, he held 230,117 shares, a 4.54% increase in his stake.
- Stock and financial snapshot: FUN shares rose 4.0% to $20.09, and the company reported quarterly EPS of -$2.65, beating estimates, on revenue of $225.63 million, also above expectations.
- Analyst sentiment: Wall Street remains cautiously positive, with a consensus rating of Moderate Buy and an average price target of $24.85. Several firms recently raised their targets, including Barclays and Citi.
Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) Director Marilyn Spiegel acquired 2,500 shares of Six Flags Entertainment stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $19.12 per share, with a total value of $47,800.00. Following the purchase, the director directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Six Flags Entertainment Trading Up 4.0%
Shares of Six Flags Entertainment stock opened at $20.09 on Friday. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $38.27. The stock has a 50 day moving average price of $18.15 and a two-hundred day moving average price of $17.12. The stock has a market capitalization of $2.05 billion, a PE ratio of -1.23 and a beta of 0.35.
Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating analysts' consensus estimates of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The firm had revenue of $225.63 million during the quarter, compared to analysts' expectations of $207.49 million. As a group, equities analysts anticipate that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FUN. Zacks Research upgraded Six Flags Entertainment from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Truist Financial raised their target price on Six Flags Entertainment from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 26th. Guggenheim dropped their target price on Six Flags Entertainment from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. upgraded Six Flags Entertainment from an "underweight" rating to a "neutral" rating and set a $26.00 target price on the stock in a report on Friday, May 8th. Finally, The Goldman Sachs Group raised their target price on Six Flags Entertainment from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Six Flags Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $24.85.
Get Our Latest Analysis on FUN
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Six Flags Entertainment by 0.5% in the third quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company's stock valued at $228,739,000 after purchasing an additional 53,111 shares in the last quarter. Morgan Stanley lifted its holdings in Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company's stock worth $145,324,000 after acquiring an additional 3,629,445 shares during the period. Darlington Partners Capital Management LP lifted its holdings in Six Flags Entertainment by 20.2% during the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company's stock worth $264,741,000 after acquiring an additional 1,460,000 shares during the period. UBS Group AG lifted its holdings in Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company's stock worth $80,991,000 after acquiring an additional 4,446,104 shares during the period. Finally, Dendur Capital LP lifted its holdings in Six Flags Entertainment by 6.2% during the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company's stock worth $75,987,000 after acquiring an additional 290,000 shares during the period. Institutional investors own 64.65% of the company's stock.
Six Flags Entertainment Company Profile
(
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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