Six Flags Entertainment (NYSE:FUN) Stock Rating Upgraded by Zacks Research

Six Flags Entertainment (NYSE:FUN) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also issued reports on FUN. Truist Financial raised their price target on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 12th. UBS Group upped their price objective on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Citigroup decreased their price objective on shares of Six Flags Entertainment from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. JPMorgan Chase & Co. upgraded shares of 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, Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Six Flags Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Six Flags Entertainment Trading Up 2.8%

NYSE FUN opened at $18.12 on Monday. The business’s 50-day moving average price is $20.45 and its two-hundred day moving average price is $18.85. Six Flags Entertainment has a 12 month low of $12.51 and a 12 month high of $31.25. The firm has a market capitalization of $1.85 billion, a PE ratio of -1.11 and a beta of 0.40. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The company had revenue of $225.63 million during the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. On average, analysts expect that Six Flags Entertainment will post -0.11 EPS for the current year.

Insider Activity

In related news, Director Rehan Jaffer acquired 125,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the purchase, the director owned 4,900,000 shares in the company, valued at approximately $114,709,000. The trade was a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marilyn G. Spiegel purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. This represents a 19.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 265,000 shares of company stock worth $6,173,850 over the last three months. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after purchasing an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 acquiring an additional 722 shares during the period. Invesco Ltd. grew its stake in shares of 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 acquiring an additional 5,775 shares during the period. State Street Corp increased its holdings in Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after acquiring an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after acquiring an additional 465,572 shares during the period. 64.65% of the stock is owned by institutional investors.

About Six Flags Entertainment

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.