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Six Flags Entertainment (NYSE:FUN) Issues Earnings Results
Six Flags Entertainment (NYSE:FUN) reported a significant earnings miss, posting a loss of ($0.91) EPS against an estimate of ($0.29), despite revenue of $650.09 million which beat expectations. The company’s stock rose by 6.4% to $17.26 following the report, even with high leverage and weak liquidity. Analysts have adjusted price targets downwards, and institutional investors have been increasing their holdings, with the stock currently holding a “Hold” consensus rating.