Six Flags Entertainment (NYSE:FUN) Sets New 1-Year Low – Time to Sell?

Shares of Six Flags Entertainment Corporation (NYSE:FUN) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.26 and last traded at $12.3690, with a volume of 1335218 shares. The stock had previously closed at $12.73.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Oppenheimer reduced their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Guggenheim cut their price target on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, UBS Group boosted their target price on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.50.

Six Flags Entertainment Trading Down 2.8%

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 company has a market cap of $1.27 billion, a price-to-earnings ratio of -0.71 and a beta of 0.38. The firm has a 50-day moving average price of $16.65 and a 200 day moving average price of $18.51.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FUN. Atlas Wealth LLC acquired a new position in Six Flags Entertainment during the 1st quarter worth $26,000. Integrated Wealth Concepts LLC bought a new stake in Six Flags Entertainment during the second quarter worth approximately $31,000. Allworth Financial LP acquired a new stake in Six Flags Entertainment in the second quarter worth approximately $35,000. Public Employees Retirement System of Ohio boosted its stake in Six Flags Entertainment by 36.1% during 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 in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Six Flags Entertainment during the 2nd quarter valued at $54,000. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement and water parks across the United States, Canada and Mexico. The company’s portfolio includes parks operating under the Six Flags and Cedar Fair brands, as well as well-known destinations such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Its parks provide roller coasters, family rides, water attractions, seasonal events, live entertainment, dining and retail experiences. The company generates revenue primarily through admission tickets, season passes, memberships, food and beverage sales, merchandise, sponsorships and related hospitality offerings.

Six Flags Entertainment was formed through the merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., which was completed in July 2024.