It's challenging to beat the stock market. Many people use the S&P 500 index as a proxy, and there are many low-cost mutual funds and exchange-traded funds that replicate the index's performance. When looking at stocks, it's important to compare your potential return with a benchmark since you could easily invest your money passively. Turning to the consumer sector, Six Flags Entertainment (NYSE: FUN) has struggled, and that's reflected in its stock price. Does this represent a value opportunity that's p ...

What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, Ananym Capital Management, LP, liquidated its entire holding of 795,411 shares in Six Flags Entertainment (NYSE:FUN). The estimated transaction value for the sale was $18.07 million based on the quarterly average share price. The quarter-end value of the stake was reduced by $18.07 million, capturing both the sale and any price drift during the period. What else to know Ananym Capital fully sold out of Six ...

Core Viewpoint - HG Vora Capital Management has completely liquidated its stake in Six Flags Entertainment, selling 2,175,000 shares valued at approximately $49.42 million, indicating a lack of confidence in the company's future performance [2][5]. Company Overview - Six Flags Entertainment operates amusement and water parks across North America, with a diversified presence in 17 states, Canada, and Mexico, leveraging well-known intellectual properties to attract visitors [4][7]. - The company employs around 5,000 people and is headquartered in Charlotte, North Carolina [7]. Financial Performance - As of February 17, 2026, Six Flags' stock price was $15.55, with a market capitalization of $1.58 billion and a trailing twelve months (TTM) revenue of $3.10 billion. However, the company reported a net income loss of $1.60 billion for the same period, which included a $1.5 billion non-cash impairment charge [3][5]. - Six Flags' stock has decreased by 60% over the past year, reflecting significant challenges faced by the company [5]. Investment Insights - HG Vora had previously increased its holdings in Six Flags, but the decision to divest indicates a strategic shift in response to the company's ongoing struggles and poor stock performance [5][8]. - CEO John Reilly acknowledged the company's underperformance in 2025 but expressed optimism about future improvements through investments in park infrastructure, new attractions, and enhanced services [6][8].

Six Flags Entertainment (NYSE:FUN) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAdam Fox - Equity Research AssociateAnthony Berni - Senior Equity Research AssociateArpine Kocharyan - Managing DirectorBrian Witherow - CFOJohn Reilly - President and CEOMichael Russell - Corporate Director of Investor RelationsSteve Wieczynski - Managing DirectorThomas Yeh - Executive Director of Equity ResearchConference Call ParticipantsJames Hardiman - Director of Leisure and Travel AnalystOperato ...

Six Flags Entertainment (NYSE:FUN) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAdam Fox - Equity Research AssociateAnthony Berni - Senior Equity Research AssociateArpine Kocharyan - Managing DirectorBrian Witherow - CFOJohn Reilly - President and CEOMichael Russell - Corporate Director of Investor RelationsSteve Wieczynski - Managing DirectorThomas Yeh - Executive Director of Equity ResearchConference Call ParticipantsJames Hardiman - Director of Leisure and Travel AnalystOperato ...

Six Flags Entertainment (NYSE:FUN) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Speaker6Good morning, everyone. My name is Ellie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Six Flags Entertainment Corporation 2025 fourth quarter earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's prepared remarks, there will be a question and answer session. If you would like to ask a question during this time, ...

Analysts on Wall Street project that Six Flags Entertainment Corporation (FUN) will announce quarterly loss of -$0.29 per share in its forthcoming report, representing a decline of 307.1% year over year. Revenues are projected to reach $620.3 million, declining 9.7% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior t ...

Core Insights - Six Flags Entertainment Corporation has launched the Speedway Stunt Coaster at Six Flags México, marking a significant addition to its amusement park offerings [1][2] - The new coaster is designed to be family-friendly, catering to guests of all ages and providing an adrenaline-fueled experience [2][3] - The grand opening of the Speedway Stunt Coaster was celebrated with a festival atmosphere, highlighting the company's commitment to creating memorable family experiences [4] Company Overview - Six Flags Entertainment Corporation is the largest regional amusement park operator in North America, with a portfolio that includes 26 amusement parks, 15 water parks, and nine resort properties across 16 states in the U.S., Canada, and Mexico [6] - The company aims to deliver fun and immersive experiences to millions of guests annually through its attractions, including world-class roller coasters and themed experiences [6]

Core Insights - The report summarizes significant analyst rating adjustments that could influence market trends, highlighting both upgrades and downgrades across various companies [1]. Upgrades - B. Riley upgraded Snap (SNAP) from Neutral to Buy, maintaining a target price of $10, citing strong growth in high-end subscription revenue and the rollout of high-margin advertising formats [5]. - Seaport Research upgraded FuboTV (FUBO) from Neutral to Buy with a target price of $3, viewing current uncertainties as a quality investment opportunity following a significant stock drop post-earnings [5]. - Wolfe Research upgraded Zoom Video Communications (ZM) from Peer Perform to Outperform, setting a target price of $115, anticipating a re-acceleration in growth and strong performance in its contract center and phone business [5]. - Jefferies upgraded Celanese (CE) from Hold to Buy, raising the target price from $43 to $86, suggesting it is a good time to buy despite potential earnings volatility in the first half of 2026 [5]. - Cantor Fitzgerald upgraded DigitalOcean (DOCN) from Neutral to Overweight, increasing the target price from $47 to $68, emphasizing its focus on digital-native enterprises and a strong foundation for market expansion [5]. Downgrades - Stifel downgraded Microsoft (MSFT) from Buy to Hold, reducing the target price from $540 to $392, citing supply issues with Azure and strong competition from Google Cloud [5]. - Susquehanna downgraded Qualcomm (QCOM) from Positive to Neutral, lowering the target price from $210 to $140, recommending a wait-and-see approach due to industry challenges [5]. - Citigroup downgraded Six Flags Entertainment (FUN) from Buy to Neutral, cutting the target price from $25 to $20, citing overvaluation after a 40% increase since November [5]. - Jefferies downgraded Steven Madden (SHOO) from Hold to Underperform, lowering the target price from $37 to $30, highlighting ongoing pressures in its wholesale business [5]. - JPMorgan downgraded Corteva (CTVA) from Overweight to Neutral, raising the target price from $75 to $77, based on valuation considerations [5]. Initiations - Benchmark initiated coverage on Cava Group (CAVA) with a Buy rating and a target price of $80, recognizing its leading position in the Mediterranean dining category [5]. - H.C. Wainwright initiated coverage on Incyte (INCY) with a Buy rating and a target price of $135, noting potential catalysts that could stabilize revenue expectations post-Jakafi patent expiration [5]. - Bernstein initiated coverage on Coupang (CPNG) with an Underperform rating and a target price of $17, favoring companies with strong growth potential driven by online penetration [5]. - Benchmark initiated coverage on Andersons (ANDE) with a Buy rating and a target price of $75, highlighting the growth momentum in its ethanol business [5]. - Bank of America initiated coverage on Wave Life Sciences (WVE) with a Buy rating and a target price of $38, emphasizing the differentiated advantages of its obesity drug WVE-007 [6].

Industry Overview - The leisure industry is characterized by fluctuations in performance based on economic cycles, as consumer spending on discretionary items varies with job security [1] - Despite economic downturns, long-term investors may find opportunities in leisure stocks [2] Royal Caribbean - Royal Caribbean operates under multiple brands, targeting different demographics: families, premium segments, and ultra-luxury markets [2] - The company generates most of its revenue from passenger ticket sales, with onboard revenue contributing about one-third of total revenue [3] - Royal Caribbean reported a strong fourth-quarter performance with a 13.2% year-over-year revenue growth to $4.3 billion, and two-thirds of its capacity already booked for the current year [4] - The company plans to launch four new ships by 2028 to meet strong demand [4] - Royal Caribbean's stock gained 23.3% over the past year, outperforming the S&P 500 by approximately 10 percentage points, and its price-to-earnings (P/E) ratio decreased from 22 to 19 [9] Six Flags - Six Flags merged with Cedar Fair in July 2024, becoming the largest regional theme park operator in North America with 26 amusement parks, 15 water parks, and nine resorts [5] - Despite the larger size, Six Flags faced operational challenges, with Q3 attendance increasing by only 1% and spending per person declining by 4%, leading to a 2.3% year-over-year revenue drop to $1.3 billion [6] - Management's strategy focuses on enhancing guest experience, cutting costs, managing capital expenditures efficiently, and selling non-core assets to drive higher attendance and spending [7] - Six Flags' stock lost 60.5% over the past year, contrasting with the S&P 500's 13.4% gain, indicating significant operational challenges [8]