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

Six Flags Entertainment Corporation (NYSE:FUN)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $13.29 and last traded at $13.9660, with a volume of 7716273 shares traded. The stock had previously closed at $14.60.

Wall Street Analysts Forecast Growth

FUN has been the subject of several research analyst reports. UBS Group reduced their target price on Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Mizuho decreased their price objective on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Oppenheimer reduced their target price on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Stifel Nicolaus cut their price objective on shares of Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. lowered their target price on Six Flags Entertainment from $24.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.07.

Six Flags Entertainment Stock Down 3.4%

The company has a market cap of $1.37 billion, a P/E ratio of -2.79 and a beta of 0.69. The stock has a 50-day moving average of $21.23 and a 200 day moving average of $27.06. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing the consensus estimate of $2.24 by ($14.01). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. Six Flags Entertainment’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.21 earnings per share. Research analysts anticipate that Six Flags Entertainment Corporation will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On Six Flags Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S bought a new stake in shares of Six Flags Entertainment during the 3rd quarter worth $27,000. Ameritas Advisory Services LLC bought a new position in shares of Six Flags Entertainment in the third quarter worth about $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Six Flags Entertainment by 1,179.0% during the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $46,000 after purchasing an additional 1,403 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Six Flags Entertainment by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock worth $55,000 after purchasing an additional 884 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment Company Profile

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.