Equities research analysts at StockNews.com initiated coverage on shares of Six Flags Entertainment (NYSE:SIX - Get Free Report) in a report issued on Tuesday. The brokerage set a "hold" rating on the stock.
A number of other analysts have also weighed in on SIX. Deutsche Bank Aktiengesellschaft lowered shares of Six Flags Entertainment from a "buy" rating to a "hold" rating and reduced their price objective for the company from $29.00 to $27.00 in a research note on Wednesday, May 15th. B. Riley raised shares of Six Flags Entertainment from a "neutral" rating to a "buy" rating and raised their price target for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Six Flags Entertainment has a consensus rating of "Hold" and a consensus price target of $27.42.
Check Out Our Latest Research Report on SIX
Six Flags Entertainment Stock Down 3.4 %
Shares of SIX stock traded down $1.14 during trading hours on Tuesday, hitting $32.00. 16,922,504 shares of the company's stock traded hands, compared to its average volume of 2,201,220. The stock's fifty day simple moving average is $27.10 and its two-hundred day simple moving average is $25.70. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $34.06. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 99.94 and a beta of 2.33.
Six Flags Entertainment (NYSE:SIX - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $135.23 million. On average, equities analysts forecast that Six Flags Entertainment will post 1.53 earnings per share for the current fiscal year.
Insider Buying and Selling at Six Flags Entertainment
In related news, CAO Derek Sample sold 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total value of $60,812.00. Following the transaction, the chief accounting officer now owns 12,805 shares of the company's stock, valued at $338,564.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Six Flags Entertainment
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Six Flags Entertainment by 112.0% during the first quarter. Jane Street Group LLC now owns 2,761,099 shares of the company's stock valued at $72,672,000 after acquiring an additional 1,458,984 shares during the period. Kodai Capital Management LP bought a new stake in Six Flags Entertainment during the 1st quarter valued at approximately $9,700,000. Bayesian Capital Management LP purchased a new position in Six Flags Entertainment in the 1st quarter worth approximately $782,000. Price T Rowe Associates Inc. MD boosted its stake in Six Flags Entertainment by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 49,765 shares of the company's stock worth $1,310,000 after purchasing an additional 2,708 shares during the period. Finally, Senator Investment Group LP purchased a new stake in Six Flags Entertainment during the 1st quarter valued at approximately $9,061,000. 98.04% of the stock is owned by hedge funds and other institutional investors.
About Six Flags Entertainment
(
Get Free Report)
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.
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