Six Flags Entertainment (NYSE:SIX) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research note released on Tuesday morning. The brokerage issued a hold rating on the stock.

Other equities research analysts have also issued research reports about the stock. B. Riley upgraded shares of Six Flags Entertainment from a neutral rating to a buy rating and increased their price objective for the company from $30.00 to $31.00 in a research note on Thursday, April 18th. Citigroup increased their price target on Six Flags Entertainment from $28.00 to $30.00 and gave the company a buy rating in a research report on Friday, March 1st. Finally, Truist Financial boosted their price objective on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a hold rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Six Flags Entertainment currently has a consensus rating of Hold and a consensus target price of $28.31.

Six Flags Entertainment Price Performance

Shares of SIX opened at $25.10 on Tuesday. The company has a market cap of $2.12 billion, a PE ratio of 54.57 and a beta of 2.20. Six Flags Entertainment has a one year low of $18.29 and a one year high of $28.99. The stock has a 50-day moving average of $25.04 and a 200-day moving average of $24.43.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. The business had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. Analysts expect that Six Flags Entertainment will post 1.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rush Island Management LP boosted its holdings in Six Flags Entertainment by 23.9% in the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after buying an additional 668,986 shares during the period. Cooper Creek Partners Management LLC lifted its position in shares of Six Flags Entertainment by 73.1% during the third quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock worth $77,280,000 after acquiring an additional 1,387,734 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Six Flags Entertainment by 59.1% in the fourth 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. Dimensional Fund Advisors LP boosted its holdings in shares of Six Flags Entertainment by 20.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,818 shares of the company’s stock worth $38,619,000 after acquiring an additional 260,154 shares during the period. Finally, Land & Buildings Investment Management LLC grew its position in shares of Six Flags Entertainment by 60.9% in the third quarter. Land & Buildings Investment Management LLC now owns 1,383,986 shares of the company’s stock valued at $32,538,000 after purchasing an additional 524,070 shares in the last quarter. Institutional investors 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.