Marilyn Spiegel Purchases 2,500 Shares of Six Flags Entertainment (NYSE:FUN) Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Marilyn Spiegel purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $19.12 per share, with a total value of $47,800.00. Following the completion of the acquisition, the director directly owned 12,661 shares in the company, valued at $242,078.32. The trade was a 24.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Six Flags Entertainment Trading Up 5.9%

Shares of FUN opened at $21.27 on Friday. The stock has a market capitalization of $2.17 billion, a P/E 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. The firm has a fifty day simple moving average of $18.24 and a two-hundred day simple moving average of $17.15. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $38.27.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on FUN shares. Guggenheim reduced their price target on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Wall Street Zen upgraded Six Flags Entertainment from a “strong sell” rating to a “sell” rating in a report on Saturday. Mizuho boosted their price target on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Truist Financial boosted their price target on Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Zacks Research upgraded Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.85.

Institutional Trading of Six Flags Entertainment

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position 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 acquiring an additional 539 shares in the last quarter. First Trust Advisors LP bought a new stake in Six Flags Entertainment during the 1st quarter valued at approximately $1,412,000. PNC Financial Services Group Inc. boosted its position in Six Flags Entertainment by 25.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock valued at $170,000 after acquiring an additional 1,947 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Six Flags Entertainment during the 1st quarter valued at approximately $347,000. Finally, Atlas Wealth LLC bought a new stake in Six Flags Entertainment during the 1st quarter valued at approximately $26,000. 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.