Six Flags Entertainment (NYSE:FUN) Stock Price Down 5.8% – What’s Next?

Shares of Six Flags Entertainment Corporation (NYSE:FUN) traded down 5.8% during trading on Monday . The stock traded as low as $15.26 and last traded at $15.28. Approximately 477,765 shares were traded during trading, a decline of 78% from the average daily volume of 2,151,570 shares. The stock had previously closed at $16.22.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FUN shares. Guggenheim decreased their price target on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, July 24th. UBS Group upped their price objective on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Stifel Nicolaus set a $23.00 target price on Six Flags Entertainment in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $15.00 price target on Six Flags Entertainment in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.93.

Six Flags Entertainment Price Performance

The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. The firm’s 50-day moving average price is $18.30 and its 200-day moving average price is $18.71. The stock has a market capitalization of $1.56 billion, a PE ratio of -0.88 and a beta of 0.41.

Insider Buying and Selling

In related news, CEO John T. Reilly acquired 15,713 shares of the stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $15.80 per share, with a total value of $248,265.40. Following the purchase, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rehan Jaffer acquired 125,000 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the purchase, the director directly owned 4,900,000 shares in the company, valued at approximately $114,709,000. The trade was a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 265,713 shares of company stock worth $6,135,765. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. UBS Group AG lifted its holdings in shares of Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after acquiring an additional 4,446,104 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Six Flags Entertainment during the 1st quarter worth about $2,089,000. Havemeyer Place LP bought a new position in Six Flags Entertainment during the 4th quarter valued at about $1,289,000. Knights of Columbus Asset Advisors LLC grew its holdings in Six Flags Entertainment by 106.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 128,276 shares of the company’s stock valued at $1,968,000 after purchasing an additional 66,263 shares during the last quarter. Finally, ING Groep NV raised its position in Six Flags Entertainment by 70.7% in the 4th quarter. ING Groep NV now owns 1,046,000 shares of the company’s stock worth $16,046,000 after purchasing an additional 433,100 shares during the period. Institutional investors 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.