Six Flags Entertainment (NYSE:SIX) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the stock.

Several other research analysts also recently weighed in on SIX. Truist Financial boosted their target price on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a hold rating in a research note on Tuesday, January 9th. Citigroup boosted their price objective on Six Flags Entertainment from $28.00 to $30.00 and gave the company a buy rating in a report on Friday, March 1st. Finally, B. Riley cut Six Flags Entertainment from a buy rating to a neutral rating and set a $30.00 price target for the company. in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $28.23.

Six Flags Entertainment Stock Up 2.2 %

Shares of NYSE SIX opened at $24.32 on Friday. The business has a fifty day simple moving average of $25.33 and a two-hundred day simple moving average of $24.18. The firm has a market cap of $2.05 billion, a PE ratio of 52.87 and a beta of 2.20. Six Flags Entertainment has a twelve month low of $18.29 and a twelve month high of $28.99.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (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 company had revenue of $292.55 million during the quarter, compared to analysts’ expectations of $298.42 million. On average, research analysts expect that Six Flags Entertainment will post 1.79 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SIX. BlackRock Inc. lifted its stake in Six Flags Entertainment by 45.7% during the third quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock worth $175,559,000 after purchasing an additional 3,108,978 shares in the last quarter. Land & Buildings Investment Management LLC lifted its stake in Six Flags Entertainment by 189.5% during the fourth quarter. Land & Buildings Investment Management LLC now owns 2,601,473 shares of the company’s stock worth $60,484,000 after purchasing an additional 1,702,783 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Six Flags Entertainment by 242.2% during the first quarter. Clearbridge Investments LLC now owns 2,297,340 shares of the company’s stock worth $99,934,000 after purchasing an additional 1,625,966 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in 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 purchasing an additional 1,387,734 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in 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 worth $68,965,000 after purchasing an additional 1,021,833 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.