Six Flags Entertainment (NYSE:FUN) Given New $29.00 Price Target at Stifel Nicolaus

Six Flags Entertainment (NYSE:FUN) had its price objective decreased by Stifel Nicolaus from $36.00 to $29.00 in a report issued on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on FUN. Capital One Financial set a $28.00 price objective on shares of Six Flags Entertainment in a report on Tuesday, October 7th. Mizuho set a $28.00 price objective on shares of Six Flags Entertainment in a research note on Tuesday, November 4th. Jefferies Financial Group lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $41.00 to $25.00 in a report on Thursday, August 7th. UBS Group reduced their target price on Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, August 19th. Finally, Guggenheim set a $43.00 price target on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.07.

Six Flags Entertainment Price Performance

FUN opened at $16.25 on Monday. The stock’s 50-day moving average price is $22.49 and its 200 day moving average price is $28.02. Six Flags Entertainment has a 12-month low of $16.22 and a 12-month high of $49.77. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -3.35 and a beta of 0.69. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 2.97.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Friday, November 7th. The company reported ($11.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($14.01). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.21 EPS. As a group, sell-side analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rush Island Management LP acquired a new stake in shares of Six Flags Entertainment during the second quarter valued at $115,454,000. Darlington Partners Capital Management LP lifted its holdings in Six Flags Entertainment by 20.2% in the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after purchasing an additional 1,460,000 shares in the last quarter. Dendur Capital LP boosted its stake in shares of Six Flags Entertainment by 41.1% during the 2nd quarter. Dendur Capital LP now owns 4,433,500 shares of the company’s stock worth $134,911,000 after purchasing an additional 1,292,500 shares during the last quarter. Long Pond Capital LP grew its holdings in shares of Six Flags Entertainment by 55.2% during the second quarter. Long Pond Capital LP now owns 3,296,660 shares of the company’s stock worth $100,317,000 after buying an additional 1,172,101 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $18,288,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.