Six Flags Entertainment (NYSE:SIX) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Six Flags Entertainment (NYSE:SIX) in a report released on Thursday. The brokerage issued a hold rating on the stock.

SIX has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a buy rating to a hold rating and cut their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. B. Riley upgraded Six Flags Entertainment from a neutral rating to a buy rating and boosted their price target for the company from $30.00 to $31.00 in a research note on Thursday, April 18th. Finally, Citigroup raised their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a buy rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $28.00.

Six Flags Entertainment Price Performance

SIX stock opened at $26.17 on Thursday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 81.78 and a beta of 2.20. Six Flags Entertainment has a 1-year low of $18.29 and a 1-year high of $28.99. The business has a fifty day moving average price of $25.17 and a 200-day moving average price of $24.91.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The business had revenue of $292.55 million during the quarter, compared to analysts’ expectations of $298.42 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. As a group, analysts anticipate that Six Flags Entertainment will post 1.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Derek Sample sold 2,300 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total value of $60,812.00. Following the transaction, the chief accounting officer now directly owns 12,805 shares in the company, valued at $338,564.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently modified their holdings of SIX. Raymond James & Associates grew its stake in Six Flags Entertainment by 3.2% during the fourth quarter. Raymond James & Associates now owns 25,627 shares of the company’s stock valued at $643,000 after acquiring an additional 793 shares in the last quarter. Rhumbline Advisers grew its position in shares of Six Flags Entertainment by 0.4% during the third quarter. Rhumbline Advisers now owns 230,537 shares of the company’s stock valued at $5,420,000 after purchasing an additional 821 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Six Flags Entertainment by 5.9% in the fourth quarter. Cerity Partners LLC now owns 16,058 shares of the company’s stock worth $403,000 after purchasing an additional 895 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Six Flags Entertainment by 527.2% in the fourth quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after buying an additional 949 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Six Flags Entertainment by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,702 shares of the company’s stock valued at $387,000 after buying an additional 1,146 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.