Analysts at StockNews.com began coverage on shares of Six Flags Entertainment (NYSE:SIX – Get Free Report) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.
A number of other equities research analysts also recently commented on SIX. Morgan Stanley raised Six Flags Entertainment from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $29.00 to $32.00 in a report on Thursday, December 14th. Citigroup raised their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 1st. Truist Financial raised their target price on Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Finally, B. Riley downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.23.
Six Flags Entertainment Stock Up 1.1 %
Shares of Six Flags Entertainment stock opened at $26.09 on Thursday. The firm has a market capitalization of $2.19 billion, a P/E ratio of 56.72 and a beta of 2.20. Six Flags Entertainment has a 52 week low of $18.29 and a 52 week high of $28.99. The firm’s 50 day moving average is $25.32 and its two-hundred day moving average is $24.08.
Six Flags Entertainment (NYSE:SIX – Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share 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 firm had revenue of $292.55 million during the quarter, compared to analysts’ expectations of $298.42 million. As a group, research analysts expect that Six Flags Entertainment will post 1.8 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Street Markets LLC acquired a new position in Six Flags Entertainment in the 4th quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in Six Flags Entertainment in the 3rd quarter valued at about $27,000. National Bank of Canada FI raised its stake in Six Flags Entertainment by 527.2% in the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Six Flags Entertainment by 64.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock valued at $33,000 after purchasing an additional 559 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in 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. 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.