Key Points
- Six Flags director Marilyn Spiegel bought 2,500 shares on May 21 at an average price of $19.10, a $47,750 purchase that lifted her holdings by nearly 20% to 15,161 shares.
- The company recently reported quarterly results that beat analyst expectations, posting EPS of -$2.65 versus -$2.71 expected and revenue of $225.63 million versus $207.49 million projected.
- Wall Street sentiment is mixed but leans positive, with a Moderate Buy consensus rating and a target price of $24.85, even as some analysts trimmed targets and one rating was downgraded.
Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) Director Marilyn Spiegel purchased 2,500 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the purchase, the director owned 15,161 shares in the company, valued at $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Six Flags Entertainment Stock Performance
FUN stock opened at $20.05 on Wednesday. The business's fifty day moving average is $18.75 and its 200-day moving average is $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. The company has a market cap of $2.05 billion, a P/E ratio of -1.23 and a beta of 0.35. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $35.65.
Six Flags Entertainment (NYSE:FUN - Get Free Report) last released 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 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 analysts' expectations of $207.49 million. Equities research analysts forecast that Six Flags Entertainment Corporation will post -0.28 EPS for the current year.
Analyst Upgrades and Downgrades
FUN has been the subject of a number of recent analyst reports. Guggenheim lowered their price objective on shares of Six Flags Entertainment from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Monday, April 13th. Zacks Research upgraded shares of Six Flags Entertainment from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 7th. Citigroup upped 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 report on Friday, May 8th. Mizuho upped 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 report on Friday, February 20th. Finally, Weiss Ratings cut shares of Six Flags Entertainment from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, May 15th. One equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.85.
Check Out Our Latest Analysis on Six Flags Entertainment
Hedge Funds Weigh In On Six Flags Entertainment
A number of large investors have recently added to or reduced their stakes in FUN. Russell Investments Group Ltd. increased its holdings in Six Flags Entertainment by 26.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company's stock worth $86,000 after purchasing an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 722 shares in the last quarter. Invesco Ltd. increased its holdings in Six Flags Entertainment by 2.5% during the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company's stock worth $7,206,000 after purchasing an additional 5,775 shares in the last quarter. State Street Corp increased its holdings in Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company's stock worth $105,455,000 after purchasing an additional 27,848 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Six Flags Entertainment by 249.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company's stock worth $19,836,000 after purchasing an additional 465,572 shares in the last quarter. 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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