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

Research analysts at StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

A number of other analysts have also recently weighed in on SIX. Citigroup boosted their target price 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. B. Riley upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $31.00 in a report on Thursday, April 18th. Finally, Truist Financial lifted their price target on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.31.

Six Flags Entertainment Stock Performance

NYSE SIX opened at $23.73 on Monday. The firm’s fifty day moving average price is $25.08 and its two-hundred day moving average price is $24.25. The stock has a market cap of $2.00 billion, a PE ratio of 51.59 and a beta of 2.20. Six Flags Entertainment has a fifty-two week low of $18.29 and a fifty-two week 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 analysts’ consensus estimates of $0.27 by ($0.18). The company 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%. As a group, sell-side analysts predict that Six Flags Entertainment will post 1.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of SIX. SG Americas Securities LLC acquired a new position in Six Flags Entertainment in the third quarter valued at $549,000. New York State Teachers Retirement System increased its stake in Six Flags Entertainment by 1.0% in the third quarter. New York State Teachers Retirement System now owns 81,574 shares of the company’s stock valued at $1,918,000 after purchasing an additional 782 shares in the last quarter. Victory Capital Management Inc. increased its stake in Six Flags Entertainment by 26.4% in the third quarter. Victory Capital Management Inc. now owns 25,388 shares of the company’s stock valued at $597,000 after purchasing an additional 5,302 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Six Flags Entertainment in the third quarter valued at $4,188,000. Finally, Jump Financial LLC increased its stake in Six Flags Entertainment by 207.2% in the third quarter. Jump Financial LLC now owns 40,030 shares of the company’s stock valued at $941,000 after purchasing an additional 26,998 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

About Six Flags Entertainment

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.