Six Flags Entertainment (NYSE:FUN) Upgraded at Zacks Research

Six Flags Entertainment (NYSE:FUN) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

FUN has been the topic of several other research reports. Stifel Nicolaus set a $23.00 price target on Six Flags Entertainment in a report on Friday, August 7th. Wall Street Zen lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Truist Financial cut their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, September 10th. The Goldman Sachs Group set a $15.00 price objective on shares of Six Flags Entertainment in a research report on Friday, August 7th. Finally, Oppenheimer lowered their target price on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.54.

Six Flags Entertainment Trading Down 14.8%

Shares of FUN stock opened at $10.15 on Monday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. Six Flags Entertainment has a 52-week low of $9.80 and a 52-week high of $27.37. The company has a market capitalization of $1.04 billion, a PE ratio of -0.59 and a beta of 0.45. The business’s fifty day moving average is $14.10 and its 200 day moving average is $17.81.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.15). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The business had revenue of $864.92 million for the quarter, compared to analysts’ expectations of $928.36 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Six Flags Entertainment’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Six Flags Entertainment will post -0.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Reilly bought 15,713 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $248,265.40. Following the completion of the purchase, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Six Flags Entertainment in the 2nd quarter worth approximately $339,057,000. Invenomic Capital Management LP boosted its stake in shares of Six Flags Entertainment by 38.9% in the 4th quarter. Invenomic Capital Management LP now owns 1,436,617 shares of the company’s stock valued at $22,038,000 after purchasing an additional 402,329 shares in the last quarter. Kanen Wealth Management LLC purchased a new stake in shares of Six Flags Entertainment in the 1st quarter valued at $15,063,000. Clearline Capital LP grew its holdings in shares of Six Flags Entertainment by 2,541.5% during the 4th quarter. Clearline Capital LP now owns 565,495 shares of the company’s stock valued at $8,675,000 after purchasing an additional 544,087 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Six Flags Entertainment during the 2nd quarter valued at $11,975,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

• Negative Sentiment: One person reportedly died and several others were injured in the Georgia incident. The tragedy is likely to increase scrutiny of Six Flags’ maintenance, inspection and operating practices. Six Flags shares plunge after-hours following report of deadly roller coaster incident
• Negative Sentiment: Six Flags temporarily shut nine rides across six parks in the United States and Canada, including similar attractions, while investigations and safety reviews proceed. The closures could reduce attendance, revenue and profitability, particularly if they persist. Six Flags Closes Several Rides After Georgia Roller-Coaster Death
• Negative Sentiment: Investors are concerned that the accident could derail Six Flags’ turnaround efforts after its merger-related struggles, while creating additional litigation, insurance and compliance costs. The company’s limited liquidity and elevated leverage could make it harder to absorb prolonged disruptions. Goliath Roller-Coaster Death Casts Long Shadow Over Six Flags’ Turnaround Hopes
• Negative Sentiment: A shareholder law firm announced a pending investigation into potential claims on behalf of investors who suffered losses. Although the notice does not establish wrongdoing, it increases headline and legal risk. Six Flags Entertainment Investigation Notice
• Negative Sentiment: Unusually heavy put-option activity indicates increased bearish positioning and concern about further volatility. Shares were trading near their 52-week low, intensifying pressure on management to clarify the incident, ride closures and financial impact.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.