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 research note published on Monday. The firm issued a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Citigroup increased their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a buy rating in a research note on Friday, March 1st. Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a buy rating to a hold rating and cut their target price for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. Finally, B. Riley raised Six Flags Entertainment from a neutral rating to a buy rating and lifted their price objective for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $27.42.

Six Flags Entertainment Price Performance

Shares of SIX stock opened at $31.13 on Monday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 97.28 and a beta of 2.25. The stock’s fifty day simple moving average is $26.56 and its 200 day simple moving average is $25.55. Six Flags Entertainment has a one year low of $18.29 and a one year high of $32.23.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, meeting analysts’ consensus estimates of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The business had revenue of $133.29 million during the quarter, compared to the consensus estimate of $135.23 million. On average, research analysts anticipate that Six Flags Entertainment will post 1.53 earnings per share for the current year.

Six Flags Entertainment Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 28th will be issued a dividend of $1.53 per share. The ex-dividend date is Thursday, June 27th.

Insider Activity

In related news, CAO Derek Sample sold 2,300 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Six Flags Entertainment by 20.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,539,818 shares of the company’s stock worth $38,619,000 after purchasing an additional 260,154 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Six Flags Entertainment by 142.8% during the fourth quarter. Allianz Asset Management GmbH now owns 142,505 shares of the company’s stock worth $3,574,000 after acquiring an additional 83,805 shares during the last quarter. Yousif Capital Management LLC grew its position in Six Flags Entertainment by 9.2% in the 4th quarter. Yousif Capital Management LLC now owns 38,842 shares of the company’s stock valued at $974,000 after buying an additional 3,263 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in Six Flags Entertainment in the 4th quarter valued at about $8,482,000. Finally, Black Diamond Capital Management L.L.C. lifted its holdings in Six Flags Entertainment by 338.1% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 438,052 shares of the company’s stock valued at $10,986,000 after acquiring an additional 338,052 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Six Flags Entertainment Company Profile

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.