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

StockNews.com assumed coverage on shares of Six Flags Entertainment (NYSE:SIX) in a report issued on Thursday. The brokerage issued a hold rating on the stock.

A number of other research analysts also recently commented on the company. Citigroup upped their price objective 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 lowered their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, May 15th. Finally, B. Riley upgraded Six Flags Entertainment from a neutral rating to a buy rating and upped their price objective for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $28.00.

Six Flags Entertainment Stock Down 1.6 %

SIX stock opened at $25.99 on Thursday. Six Flags Entertainment has a 52-week low of $18.29 and a 52-week high of $28.99. The stock’s 50 day moving average is $25.16 and its two-hundred day moving average is $24.89. The company has a market capitalization of $2.19 billion, a PE ratio of 81.22 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The business had revenue of $292.55 million for the quarter, compared to analysts’ expectations of $298.42 million. As a group, sell-side analysts anticipate that Six Flags Entertainment will post 1.54 EPS for the current year.

Insider Activity

In other news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total value of $60,812.00. Following the completion of the sale, the chief accounting officer now owns 12,805 shares in the company, valued at $338,564.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Several institutional investors have recently modified their holdings of SIX. Jane Street Group LLC lifted its holdings in shares of Six Flags Entertainment by 112.0% in the first quarter. Jane Street Group LLC now owns 2,761,099 shares of the company’s stock valued at $72,672,000 after buying an additional 1,458,984 shares during the period. Cooper Creek Partners Management LLC lifted its holdings 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 valued at $77,280,000 after purchasing an additional 1,387,734 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Six Flags Entertainment by 59.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company’s stock valued at $68,965,000 after purchasing an additional 1,021,833 shares during the last quarter. Rush Island Management LP lifted its holdings in shares of Six Flags Entertainment by 23.9% during the third quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock valued at $81,536,000 after purchasing an additional 668,986 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Six Flags Entertainment by 26,744.9% during the third quarter. UBS Group AG now owns 584,413 shares of the company’s stock valued at $13,740,000 after purchasing an additional 582,236 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.