Six Flags Entertainment Corporation (NYSE:FUN) Receives Average Recommendation of “Hold” from Brokerages

Six Flags Entertainment Corporation (NYSE:FUN) has received a consensus rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $29.0714.

FUN has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $20.00 price target (down from $30.00) on shares of Six Flags Entertainment in a research note on Monday, November 10th. Mizuho lowered their price target on Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Oppenheimer reduced their price objective on Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Jefferies Financial Group downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $41.00 to $25.00 in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Six Flags Entertainment in a report on Wednesday, October 8th.

Institutional Trading of Six Flags Entertainment

Several hedge funds have recently bought and sold shares of the company. JANA Partners Management LP acquired a new stake in Six Flags Entertainment in the 3rd quarter valued at approximately $92,015,000. Rush Island Management LP bought a new stake in shares of Six Flags Entertainment during the second quarter valued at about $115,454,000. EdgePoint Investment Group Inc. acquired a new stake in Six Flags Entertainment in the third quarter worth about $70,764,000. Land & Buildings Investment Management LLC bought a new position in Six Flags Entertainment in the 3rd quarter valued at about $36,024,000. Finally, Darlington Partners Capital Management LP increased its stake in Six Flags Entertainment by 20.2% during the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after buying an additional 1,460,000 shares during the period. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment Price Performance

FUN opened at $13.54 on Friday. The company has a 50 day moving average of $21.23 and a two-hundred day moving average of $27.06. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. Six Flags Entertainment has a 52-week low of $13.29 and a 52-week high of $49.77. The company has a market cap of $1.37 billion, a P/E ratio of -2.79 and a beta of 0.69.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.21 earnings per share. On average, analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current year.

About Six Flags Entertainment

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.