Six Flags Entertainment (NYSE:SIX) Upgraded to Buy by B. Riley

B. Riley upgraded shares of Six Flags Entertainment (NYSE:SIX) from a neutral rating to a buy rating in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has $31.00 price objective on the stock, up from their previous price objective of $30.00.

A number of other research firms also recently commented on SIX. Truist Financial upped their price objective on Six Flags Entertainment from $23.00 to $24.00 and gave the company a hold rating in a report on Tuesday, January 9th. Citigroup raised their price target on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a buy rating in a research report on Friday, March 1st. Finally, StockNews.com initiated coverage on Six Flags Entertainment in a research report on Saturday, April 13th. They issued a hold rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $28.31.

Six Flags Entertainment Stock Down 0.8 %

Shares of SIX opened at $23.58 on Thursday. The stock’s fifty day simple moving average is $25.26 and its 200-day simple moving average is $24.17. The firm has a market capitalization of $1.98 billion, a PE ratio of 51.26 and a beta of 2.20. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $28.99.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The company had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. Analysts anticipate that Six Flags Entertainment will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new position in Six Flags Entertainment in the first quarter valued at approximately $145,000. Goldman Sachs Group Inc. boosted its stake in shares of Six Flags Entertainment by 59.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company’s stock worth $68,965,000 after acquiring an additional 1,021,833 shares during the period. Neo Ivy Capital Management bought a new position in shares of Six Flags Entertainment during the 4th quarter worth approximately $98,000. FIL Ltd boosted its stake in shares of Six Flags Entertainment by 178.3% during the 4th quarter. FIL Ltd now owns 156,400 shares of the company’s stock worth $3,923,000 after acquiring an additional 100,200 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Six Flags Entertainment by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,057 shares of the company’s stock worth $1,181,000 after acquiring an additional 2,874 shares during the period. 98.04% of the stock is currently owned by institutional investors.

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.