Rosenblatt Securities Initiates Coverage on Six Flags Entertainment (NYSE:SIX)

Analysts at Rosenblatt Securities began coverage on shares of Six Flags Entertainment (NYSE:SIX – Get Rating) in a research note issued on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.

Other equities analysts have also recently issued reports about the company. StockNews.com started coverage on Six Flags Entertainment in a research note on Thursday, March 31st. They set a “hold” rating on the stock. B. Riley reduced their target price on Six Flags Entertainment from $63.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised Six Flags Entertainment from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $57.00 in a research note on Friday, March 4th. Zacks Investment Research lowered Six Flags Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, March 1st. Finally, Oppenheimer upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research report on Tuesday, January 18th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $53.31.

Six Flags Entertainment stock traded up $0.53 during trading hours on Monday, reaching $41.72. The company had a trading volume of 1,464,849 shares, compared to its average volume of 1,434,761. The company has a 50-day moving average price of $42.14 and a 200 day moving average price of $41.69. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 28.38 and a beta of 2.30. Six Flags Entertainment has a 12-month low of $35.75 and a 12-month high of $50.07.

Six Flags Entertainment (NYSE:SIX – Get Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.10. Six Flags Entertainment had a negative return on equity of 11.88% and a net margin of 8.68%. The firm had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $268.33 million. During the same period in the previous year, the firm earned ($1.00) earnings per share. The business’s revenue was up 190.8% compared to the same quarter last year. Analysts anticipate that Six Flags Entertainment will post 2.29 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Six Flags Entertainment during the fourth quarter valued at $39,000. Spire Wealth Management boosted its stake in shares of Six Flags Entertainment by 464.1% in the fourth quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock worth $54,000 after acquiring an additional 1,035 shares during the period. Neo Ivy Capital Management bought a new position in shares of Six Flags Entertainment in the fourth quarter worth about $75,000. Steph & Co. bought a new position in Six Flags Entertainment during the first quarter valued at approximately $95,000. Finally, Dark Forest Capital Management LP bought a new position in Six Flags Entertainment during the third quarter valued at approximately $176,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

About Six Flags Entertainment (Get Rating)

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 also sells food, beverages, merchandise, and other products and services within its parks.

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