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

Six Flags Entertainment Corporation (NYSE:FUN) Director Marilyn Spiegel bought 2,500 shares of Six Flags Entertainment stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the transaction, the director directly owned 15,161 shares of the company’s stock, valued at $289,575.10. This trade represents a 19.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Six Flags Entertainment Stock Performance

NYSE FUN opened at $20.62 on Thursday. The business’s 50-day moving average price is $18.83 and its 200 day moving average price is $16.95. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $35.65. The company has a market capitalization of $2.11 billion, a PE ratio of -1.26 and a beta of 0.35. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $207.49 million. On average, research analysts predict that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Six Flags Entertainment

A number of large investors have recently modified their holdings of FUN. Russell Investments Group Ltd. grew its stake in shares of Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after buying an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Invesco Ltd. grew its stake in shares of Six Flags Entertainment by 2.5% in the second quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after buying an additional 5,775 shares in the last quarter. State Street Corp grew its stake in shares of Six Flags Entertainment by 0.8% in the second quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after buying an additional 27,848 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Six Flags Entertainment by 249.9% in the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after buying an additional 465,572 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FUN. Wall Street Zen upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Research upgraded Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Mizuho raised their price objective on Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Weiss Ratings downgraded Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Finally, Barclays raised their price objective on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.85.

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.