Six Flags Entertainment (NYSE:SIX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the stock.

A number of other brokerages have also commented on SIX. B. Riley upgraded Six Flags Entertainment from a neutral rating to a buy rating and boosted their price target for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Truist Financial boosted their price target 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, Citigroup boosted their price target on Six Flags Entertainment from $28.00 to $30.00 and gave the company a buy rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Six Flags Entertainment presently has a consensus rating of Hold and a consensus price target of $28.31.

Six Flags Entertainment Trading Down 0.6 %

SIX stock opened at $23.82 on Friday. The business’s 50-day moving average price is $25.17 and its two-hundred day moving average price is $24.23. The firm has a market cap of $2.00 billion, a PE ratio of 51.78 and a beta of 2.20. Six Flags Entertainment has a 1-year low of $18.29 and a 1-year high of $28.99.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). The business had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. On average, analysts forecast that Six Flags Entertainment will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently bought and sold shares of SIX. National Bank of Canada FI increased its position in Six Flags Entertainment by 527.2% during the fourth quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Six Flags Entertainment during the third quarter worth approximately $48,000. Neo Ivy Capital Management acquired a new position in Six Flags Entertainment during the fourth quarter worth approximately $98,000. Quest Partners LLC acquired a new position in Six Flags Entertainment during the fourth quarter worth approximately $135,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Six Flags Entertainment in the first quarter valued at approximately $145,000. Institutional investors and hedge funds 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.