Six Flags Entertainment (NYSE:FUN) Director Acquires $47,800.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Marilyn Spiegel purchased 2,500 shares of the stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $19.12 per share, for a total transaction of $47,800.00. Following the acquisition, the director owned 12,661 shares of the company’s stock, valued at approximately $242,078.32. The trade was a 24.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Six Flags Entertainment Stock Performance

FUN stock traded up $0.77 during mid-day trading on Thursday, reaching $20.09. 1,539,285 shares of the stock traded hands, compared to its average volume of 2,135,037. 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 business has a 50-day moving average of $18.08 and a two-hundred day moving average of $17.16. The firm has a market capitalization of $2.05 billion, a PE ratio of -1.23 and a beta of 0.35. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $38.27.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping the consensus estimate of ($2.71) by $0.06. The business had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. As a group, equities analysts predict that Six Flags Entertainment Corporation will post -0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on FUN. Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a research report on Friday, February 20th. Truist Financial increased their price objective on Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. The Goldman Sachs Group lifted their price objective on Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, May 8th. 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 research note on Friday, May 8th. Finally, Guggenheim lowered their target price on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.85.

Institutional Investors Weigh In On Six Flags Entertainment

Several institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC boosted its stake in Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after acquiring an additional 975 shares during the last quarter. Atlas Wealth LLC acquired a new stake in Six Flags Entertainment in the first quarter worth $26,000. Danske Bank A S bought a new position in shares of Six Flags Entertainment during the third quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Six Flags Entertainment during the fourth quarter worth $28,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

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.