Guggenheim Cuts Six Flags Entertainment (NYSE:FUN) Price Target to $31.00

Six Flags Entertainment (NYSE:FUNFree Report) had its target price lowered by Guggenheim from $35.00 to $31.00 in a research report sent to investors on Tuesday, Marketbeat reports. Guggenheim currently has a buy rating on the stock.

A number of other brokerages have also commented on FUN. UBS Group reissued a “buy” rating on shares of Six Flags Entertainment in a report on Friday, November 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. Mizuho dropped their price target on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Jefferies Financial Group reduced their price target on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 13th. Finally, Morgan Stanley set a $17.00 price objective on shares of Six Flags Entertainment in a research note on Thursday, December 18th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.86.

Check Out Our Latest Stock Analysis on FUN

Six Flags Entertainment Stock Up 8.3%

Six Flags Entertainment stock opened at $17.57 on Tuesday. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58. The company has a 50-day simple moving average of $16.19 and a 200-day simple moving average of $19.50. The firm has a market capitalization of $1.78 billion, a P/E ratio of -0.99 and a beta of 0.39. Six Flags Entertainment has a one year low of $12.51 and a one year high of $48.80.

Six Flags Entertainment (NYSE:FUNGet Free Report) last posted its earnings results on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.62). The business had revenue of $650.09 million during the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Institutional Trading of Six Flags Entertainment

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased 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 buying an additional 53,111 shares in the last quarter. Morgan Stanley grew its holdings in shares of Six Flags Entertainment by 62.1% in the 4th 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 last quarter. Darlington Partners Capital Management LP raised its position in shares of 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 purchasing an additional 1,460,000 shares during the period. UBS Group AG lifted its holdings in shares of Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after purchasing an additional 4,446,104 shares during the last quarter. Finally, Dendur Capital LP lifted its holdings in shares of Six Flags Entertainment by 6.2% during the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock valued at $75,987,000 after purchasing an additional 290,000 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors.

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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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