Six Flags Entertainment (NYSE:SIX) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 15th. B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. 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 data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $27.42.

Six Flags Entertainment Trading Down 3.4 %

SIX stock opened at $32.00 on Tuesday. The firm has a market cap of $2.70 billion, a P/E ratio of 100.00 and a beta of 2.33. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $34.06. The stock’s 50 day simple moving average is $27.42 and its 200 day simple moving average is $25.80.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.91) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $135.23 million. On average, research analysts forecast that Six Flags Entertainment will post 1.53 EPS for the current fiscal year.

Insider Activity at Six Flags Entertainment

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

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of SIX. National Bank of Canada FI raised its stake in shares of Six Flags Entertainment by 527.2% during the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth about $98,000. Quest Partners LLC purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth about $135,000. Contravisory Investment Management Inc. acquired a new position in shares of Six Flags Entertainment during the 1st quarter valued at about $145,000. Finally, AXQ Capital LP acquired a new position in shares of Six Flags Entertainment during the 3rd quarter valued at about $216,000. 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.