Six Flags Entertainment (NYSE:SIX) had its price objective lowered by SunTrust Banks from $19.00 to $18.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. The firm currently has a hold rating on the stock.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Six Flags Entertainment from a sell rating to a hold rating in a report on Saturday, July 4th. Macquarie upgraded Six Flags Entertainment from a neutral rating to an outperform rating and set a $29.00 target price on the stock in a report on Monday, May 4th. ValuEngine upgraded Six Flags Entertainment from a hold rating to a buy rating in a report on Monday, June 1st. KeyCorp dropped their price target on Six Flags Entertainment from $25.00 to $22.00 and set an overweight rating on the stock in a report on Thursday. Finally, Stifel Nicolaus lifted their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a buy rating in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $23.46.
Shares of NYSE:SIX opened at $17.39 on Thursday. The business’s 50 day simple moving average is $20.51 and its two-hundred day simple moving average is $23.40. Six Flags Entertainment has a 52-week low of $8.75 and a 52-week high of $59.52.
Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Wednesday, July 29th. The company reported ($1.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.07) by ($0.55). Six Flags Entertainment had a negative net margin of 5.26% and a negative return on equity of 23.63%. The company had revenue of $19.14 million during the quarter, compared to the consensus estimate of $52.29 million. During the same quarter in the prior year, the business earned $0.94 EPS. The firm’s revenue for the quarter was down 96.0% compared to the same quarter last year. Equities research analysts anticipate that Six Flags Entertainment will post -1.9 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Comerica Bank increased its position in Six Flags Entertainment by 11.3% in the second quarter. Comerica Bank now owns 50,821 shares of the company’s stock worth $1,043,000 after buying an additional 5,150 shares during the last quarter. State of Michigan Retirement System increased its position in Six Flags Entertainment by 31.3% in the second quarter. State of Michigan Retirement System now owns 28,629 shares of the company’s stock worth $550,000 after buying an additional 6,829 shares during the last quarter. Triton Wealth Management PLLC purchased a new stake in Six Flags Entertainment in the second quarter worth $262,000. Sciencast Management LP grew its position in shares of Six Flags Entertainment by 195.8% in the second quarter. Sciencast Management LP now owns 53,197 shares of the company’s stock valued at $1,026,000 after purchasing an additional 35,213 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Six Flags Entertainment by 66.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,669 shares of the company’s stock valued at $167,000 after purchasing an additional 3,459 shares in the last quarter. 76.17% of the stock is owned by institutional investors and hedge funds.
About Six Flags Entertainment
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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