Six Flags Entertainment (NYSE:SIX) had its price target trimmed by KeyCorp from $25.00 to $22.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the stock.
Other equities analysts also recently issued research reports about the company. Janney Montgomery Scott upgraded Six Flags Entertainment from a neutral rating to a buy rating and set a $30.00 price objective on the stock in a report on Thursday, July 9th. Stifel Nicolaus increased their price objective on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a buy rating in a report on Thursday, April 30th. B. Riley restated a buy rating and issued a $26.00 price objective (down previously from $31.00) on shares of Six Flags Entertainment in a report on Thursday. Wells Fargo & Co upgraded Six Flags Entertainment from an underweight rating to an equal weight rating and dropped their price objective for the stock from $30.00 to $16.00 in a report on Tuesday, April 28th. Finally, Berenberg Bank upgraded Six Flags Entertainment to a buy rating in a report on Monday, June 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $23.46.
Shares of SIX opened at $17.39 on Thursday. Six Flags Entertainment has a fifty-two week low of $8.75 and a fifty-two week high of $59.52. The business’s 50-day moving average is $20.51 and its 200-day moving average is $23.40.
Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Wednesday, July 29th. The company reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $19.14 million during the quarter, compared to analyst estimates of $52.29 million. During the same quarter in the prior year, the company earned $0.94 EPS. Six Flags Entertainment’s revenue for the quarter was down 96.0% on a year-over-year basis. On average, sell-side analysts expect that Six Flags Entertainment will post -1.9 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its position in shares of Six Flags Entertainment by 11.3% in the second quarter. Comerica Bank now owns 50,821 shares of the company’s stock valued at $1,043,000 after acquiring an additional 5,150 shares during the period. State of Michigan Retirement System boosted its position in shares of 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 valued at $550,000 after acquiring an additional 6,829 shares during the period. Triton Wealth Management PLLC bought a new stake in shares of Six Flags Entertainment in the second quarter valued at approximately $262,000. Sciencast Management LP boosted 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 acquiring an additional 35,213 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 3,459 shares during the period. 76.17% of the stock is owned by institutional investors.
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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