Six Flags Entertainment Co. (NYSE:SIX) Given Consensus Rating of “Hold” by Brokerages

Shares of Six Flags Entertainment Co. (NYSE:SIXGet Rating) have earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.20.

SIX has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $32.00 to $24.00 in a report on Tuesday, November 8th. Citigroup increased their target price on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, January 9th. B. Riley dropped their target price on shares of Six Flags Entertainment from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, October 31st. Truist Financial dropped their target price on shares of Six Flags Entertainment from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, October 5th. Finally, Credit Suisse Group dropped their target price on shares of Six Flags Entertainment to $39.00 in a research report on Wednesday, November 16th.

Insider Buying and Selling at Six Flags Entertainment

In related news, Director Arik W. Ruchim acquired 400,000 shares of the stock in a transaction on Friday, November 11th. The stock was purchased at an average price of $23.75 per share, for a total transaction of $9,500,000.00. Following the transaction, the director now owns 11,100,000 shares of the company’s stock, valued at approximately $263,625,000. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other Six Flags Entertainment news, CFO Gary Mick bought 5,000 shares of Six Flags Entertainment stock in a transaction dated Tuesday, December 6th. The shares were bought at an average price of $22.28 per share, with a total value of $111,400.00. Following the purchase, the chief financial officer now owns 46,175 shares of the company’s stock, valued at $1,028,779. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arik W. Ruchim bought 400,000 shares of Six Flags Entertainment stock in a transaction dated Friday, November 11th. The stock was acquired at an average cost of $23.75 per share, for a total transaction of $9,500,000.00. Following the purchase, the director now directly owns 11,100,000 shares in the company, valued at approximately $263,625,000. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 708,750 shares of company stock worth $16,551,675. 0.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Spire Wealth Management boosted its stake in shares of Six Flags Entertainment by 464.1% in the 2nd quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock valued at $27,000 after purchasing an additional 1,035 shares during the last quarter. Glassman Wealth Services boosted its stake in shares of Six Flags Entertainment by 644.3% in the 2nd quarter. Glassman Wealth Services now owns 1,310 shares of the company’s stock valued at $28,000 after purchasing an additional 1,134 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Six Flags Entertainment by 34.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock valued at $37,000 after purchasing an additional 428 shares during the last quarter. CWM LLC boosted its stake in shares of Six Flags Entertainment by 897.4% in the 2nd quarter. CWM LLC now owns 1,895 shares of the company’s stock valued at $41,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Six Flags Entertainment during the 1st quarter worth approximately $77,000. Institutional investors own 92.11% of the company’s stock.

Six Flags Entertainment Stock Performance

NYSE:SIX opened at $27.32 on Wednesday. The company has a 50-day moving average of $23.56 and a 200-day moving average of $22.47. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 23.97 and a beta of 2.14. Six Flags Entertainment has a 52 week low of $16.83 and a 52 week high of $47.24.

Six Flags Entertainment (NYSE:SIXGet Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.26). The business had revenue of $504.83 million for the quarter, compared to the consensus estimate of $565.40 million. Six Flags Entertainment had a negative return on equity of 10.56% and a net margin of 6.71%. Sell-side analysts forecast that Six Flags Entertainment will post 1.52 EPS for the current year.

Six Flags Entertainment Company Profile

(Get Rating)

Six Flags Entertainment Corp. operates theme parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is headquartered in Arlington, TX.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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