Insider Buying: Six Flags Entertainment (NYSE:FUN) Director Buys $47,800.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Marilyn Spiegel bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased 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 $242,078.32. This trade represents a 24.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Six Flags Entertainment Price Performance

FUN stock opened at $21.27 on Friday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -1.30 and a beta of 0.35. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $38.27. The company’s fifty day simple moving average is $18.24 and its 200 day simple moving average is $17.15.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.71) by $0.06. The business had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. On average, analysts expect that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

FUN has been the subject of several research analyst reports. Wall Street Zen raised shares of Six Flags Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday. Citigroup lifted their price target on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Morgan Stanley set a $18.00 price target on shares of Six Flags Entertainment in a research note on Friday, February 20th. Guggenheim decreased their price target on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings downgraded shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.85.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of FUN. CoreCap Advisors LLC increased its position in shares of Six Flags Entertainment by 145.5% during the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after acquiring an additional 975 shares in the last quarter. Atlas Wealth LLC bought a new stake in shares of Six Flags Entertainment during the first quarter worth about $26,000. Danske Bank A S bought a new stake in shares of Six Flags Entertainment during the third quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Six Flags Entertainment during the fourth quarter worth about $28,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Six Flags Entertainment during the third quarter worth about $30,000. 64.65% of the stock is owned by institutional investors.

About Six Flags Entertainment

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.