Six Flags Entertainment (NYSE:SIX) Stock Price Down 3.6%

Six Flags Entertainment Co. (NYSE:SIXGet Rating)’s stock price dropped 3.6% during trading on Tuesday . The stock traded as low as $21.16 and last traded at $21.18. Approximately 72,743 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 2,576,087 shares. The stock had previously closed at $21.98.

Several equities analysts have issued reports on the stock. Citigroup decreased their price target on shares of Six Flags Entertainment from $51.00 to $41.00 in a research report on Friday, May 13th. Truist Financial decreased their price target on shares of Six Flags Entertainment from $46.00 to $32.00 in a research report on Friday, May 13th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Six Flags Entertainment from $57.00 to $56.00 in a research report on Friday, May 13th. B. Riley cut shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $24.00 in a research report on Tuesday. Finally, Rosenblatt Securities assumed coverage on shares of Six Flags Entertainment in a research report on Monday, April 25th. They issued a “buy” rating and a $56.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment has an average rating of “Moderate Buy” and a consensus price target of $46.44.

The stock has a market capitalization of $1.85 billion, a P/E ratio of 12.01 and a beta of 2.24. The business’s 50 day simple moving average is $32.24 and its two-hundred day simple moving average is $38.32.

Six Flags Entertainment (NYSE:SIXGet Rating) last posted its earnings results on Thursday, May 12th. The company reported ($0.76) earnings per share for the quarter, topping the consensus estimate of ($1.07) by $0.31. The firm had revenue of $138.10 million during the quarter, compared to the consensus estimate of $122.26 million. Six Flags Entertainment had a net margin of 10.31% and a negative return on equity of 15.34%. The company’s revenue was up 68.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.12) earnings per share. Research analysts expect that Six Flags Entertainment Co. will post 2.55 EPS for the current year.

In other Six Flags Entertainment news, CFO Gary Mick acquired 1,000 shares of the stock in a transaction dated Friday, June 10th. The shares were purchased at an average price of $27.01 per share, for a total transaction of $27,010.00. Following the purchase, the chief financial officer now directly owns 26,675 shares of the company’s stock, valued at $720,491.75. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Arik W. Ruchim bought 50,000 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 31st. The stock was purchased at an average cost of $29.34 per share, with a total value of $1,467,000.00. Following the completion of the acquisition, the director now directly owns 9,475,000 shares in the company, valued at approximately $277,996,500. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 553,325 shares of company stock worth $16,049,162. Insiders own 0.41% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Six Flags Entertainment during the first quarter worth about $35,000. Acadian Asset Management LLC acquired a new position in Six Flags Entertainment in the fourth quarter valued at approximately $39,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Six Flags Entertainment by 58.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company’s stock worth $51,000 after buying an additional 428 shares during the period. Spire Wealth Management raised its stake in shares of Six Flags Entertainment by 464.1% during the 4th quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock worth $54,000 after buying an additional 1,035 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Six Flags Entertainment by 58.9% during the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after purchasing an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

About Six Flags Entertainment (NYSE:SIX)

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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