Six Flags Entertainment (NYSE:FUN) Given New $12.00 Price Target at JPMorgan Chase & Co.

Six Flags Entertainment (NYSE:FUN) had its price objective reduced by analysts at JPMorgan Chase & Co. from $22.00 to $12.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.33% from the company’s previous close.

FUN has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. Stifel Nicolaus set a $15.00 target price on shares of Six Flags Entertainment in a research report on Thursday. Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Mizuho set a $5.00 price target on shares of Six Flags Entertainment in a research report on Wednesday, October 21st. Finally, Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.85.

Six Flags Entertainment Price Performance

Shares of FUN stock traded up $0.78 during mid-day trading on Monday, hitting $10.78. 4,400,312 shares of the stock were exchanged, compared to its average volume of 2,707,095. The firm has a fifty day moving average of $11.05 and a 200 day moving average of $16.73. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 43.34. Six Flags Entertainment has a 52-week low of $6.60 and a 52-week high of $26.28. The company has a market cap of $1.10 billion, a PE ratio of -1.18 and a beta of 0.50.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing the consensus estimate of $1.93 by ($5.52). The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a negative net margin of 31.91% and a negative return on equity of 15.95%. Six Flags Entertainment’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.20) EPS. Research analysts anticipate that Six Flags Entertainment will post -0.91 earnings per share for the current year.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, CEO John Reilly purchased 15,713 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost 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 $4,704,228.80. The trade was a 5.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Hedge funds have recently bought and sold shares of the business. Maryland State Retirement & Pension System raised its stake in Six Flags Entertainment by 53.4% during the third quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after purchasing an additional 7,940 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at approximately $4,884,000. Lido Advisors LLC purchased a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at approximately $1,022,000. State of Wyoming increased its holdings in shares of Six Flags Entertainment by 27.3% during the 3rd quarter. State of Wyoming now owns 33,581 shares of the company’s stock worth $360,000 after buying an additional 7,194 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Six Flags Entertainment by 138.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock worth $519,000 after buying an additional 28,200 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a regional theme park operator headquartered in Charlotte, North Carolina. The company owns and operates amusement parks, water parks and resort properties, offering roller coasters, family rides, live entertainment, seasonal events, food and beverage, merchandise, and other guest experiences. Its portfolio includes parks operating under the Six Flags, Cedar Fair and affiliated brand names, including Six Flags Great Adventure, Cedar Point, Knott’s Berry Farm and Kings Island.

The company serves guests primarily in the United States, as well as in Canada and Mexico.