Wall Street Zen Downgrades Six Flags Entertainment (NYSE:FUN) to Sell

Six Flags Entertainment (NYSE:FUN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

FUN has been the topic of several other research reports. Northcoast Research began coverage on Six Flags Entertainment in a report on Wednesday. They set a “neutral” rating on the stock. Citizens Jmp assumed coverage on Six Flags Entertainment in a research note on Monday, June 29th. They set a “market outperform” rating and a $29.00 target price for the company. UBS Group raised their target price on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Oppenheimer cut their price target on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Finally, Guggenheim reduced 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 report on Monday, April 13th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.07.

Six Flags Entertainment Trading Up 4.1%

Six Flags Entertainment stock traded up $0.77 during mid-day trading on Friday, hitting $19.42. 2,270,001 shares of the company’s stock were exchanged, compared to its average volume of 2,289,104. The company’s 50 day simple moving average is $21.12 and its 200-day simple moving average is $18.48. 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 market capitalization of $1.99 billion, a P/E ratio of -1.19 and a beta of 0.38. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $33.50.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results 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 positive return on equity of 5.17% and a negative net margin of 52.76%.The firm had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. On average, equities analysts anticipate that Six Flags Entertainment will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other Six Flags Entertainment news, insider Richard M. Haddrill acquired 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the completion of the acquisition, the insider directly owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rehan Jaffer acquired 125,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the transaction, the director owned 4,900,000 shares of the company’s stock, valued at $114,709,000. This represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 265,000 shares of company stock valued at $6,173,850 in the last quarter. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 722 shares in the last quarter. Danske Bank A S bought a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $27,000. Atlas Wealth LLC bought a new position in shares of Six Flags Entertainment in the 1st quarter valued at about $26,000. CoreCap Advisors LLC grew its holdings in shares of Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after acquiring an additional 975 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Six Flags Entertainment in the fourth quarter valued at about $28,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.