StockNews.com Begins Coverage on Six Flags Entertainment (NYSE:SIX)

Analysts at StockNews.com began coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Several other research firms also recently issued reports on SIX. Truist Financial lifted their price objective on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Citigroup lifted their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, B. Riley downgraded shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment has an average rating of “Hold” and an average price target of $28.23.

Six Flags Entertainment Trading Down 2.0 %

SIX opened at $24.01 on Friday. Six Flags Entertainment has a twelve month low of $18.29 and a twelve month high of $28.99. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 52.20 and a beta of 2.20. The company has a fifty day simple moving average of $25.39 and a 200 day simple moving average of $24.16.

Six Flags Entertainment (NYSE:SIX) last announced 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). Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. The business had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. On average, analysts forecast that Six Flags Entertainment will post 1.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of SIX. Clear Street Markets LLC bought a new position in shares of Six Flags Entertainment during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new position in Six Flags Entertainment during the 3rd quarter worth $27,000. National Bank of Canada FI increased its position in Six Flags Entertainment by 527.2% in 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 period. Rockefeller Capital Management L.P. increased its position in Six Flags Entertainment by 64.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock worth $33,000 after buying an additional 559 shares during the period. Finally, Captrust Financial Advisors lifted its stake in Six Flags Entertainment by 34.0% in the second quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock valued at $37,000 after buying an additional 428 shares during the last quarter. 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.