Six Flags Entertainment (NYSE:FUN) Hits New 1-Year Low – Here’s What Happened

Six Flags Entertainment Corporation (NYSE:FUN) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $10.15 and last traded at $10.4080, with a volume of 1,068,764 shares trading hands. The stock had previously closed at $11.92.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FUN shares. Northcoast Research started coverage on shares of Six Flags Entertainment in a research note on Wednesday, July 8th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Six Flags Entertainment in a report on Wednesday, August 12th. Guggenheim cut their target price on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 24th. The Goldman Sachs Group set a $15.00 price target on Six Flags Entertainment in a report on Friday, August 7th. Finally, Truist Financial lowered their price target on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.54.

Six Flags Entertainment Trading Down 14.3%

The company has a market cap of $1.04 billion, a P/E ratio of -0.59 and a beta of 0.45. The business has a fifty day moving average price of $14.26 and a 200-day moving average price of $17.86. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). The firm had revenue of $864.92 million for the quarter, compared to the consensus estimate of $928.36 million. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. Six Flags Entertainment’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, analysts forecast that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO John Reilly acquired 15,713 shares of the stock in a transaction on Wednesday, August 12th. The shares were purchased at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the transaction, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors have recently modified their holdings of the business. Atlas Wealth LLC bought a new position in Six Flags Entertainment during the first quarter worth about $26,000. Integrated Wealth Concepts LLC bought a new stake in Six Flags Entertainment in the 2nd quarter valued at about $31,000. Allworth Financial LP bought a new stake in Six Flags Entertainment in the 2nd quarter valued at about $35,000. Public Employees Retirement System of Ohio boosted its holdings in Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Six Flags Entertainment during the 2nd quarter worth approximately $54,000. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.