Six Flags Entertainment Co. (NYSE:SIX) Given Average Recommendation of “Hold” by Analysts

Shares of Six Flags Entertainment Co. (NYSE:SIXGet Free Report) have received an average recommendation of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $27.42.

A number of analysts have recently commented on the company. B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, May 15th. StockNews.com initiated coverage on Six Flags Entertainment in a report on Saturday. They issued a “hold” rating on the stock. Finally, Citigroup lifted their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

Read Our Latest Stock Report on Six Flags Entertainment

Insider Activity at Six Flags Entertainment

In related news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the sale, the chief accounting officer now owns 12,805 shares of the company’s stock, valued at $338,564.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI lifted its position in shares of 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 last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Six Flags Entertainment in the third quarter worth about $48,000. Neo Ivy Capital Management acquired a new stake in shares of Six Flags Entertainment in the fourth quarter worth about $98,000. Quest Partners LLC acquired a new stake in shares of Six Flags Entertainment in the fourth quarter worth about $135,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Six Flags Entertainment during the 1st quarter worth about $145,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Six Flags Entertainment Price Performance

SIX opened at $26.46 on Friday. Six Flags Entertainment has a 12 month low of $18.29 and a 12 month high of $28.91. The stock has a market cap of $2.23 billion, a P/E ratio of 82.69 and a beta of 2.25. The stock’s 50 day moving average price is $25.19 and its 200 day moving average price is $25.07.

Six Flags Entertainment (NYSE:SIXGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, meeting the consensus estimate of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The firm had revenue of $133.29 million for the quarter, compared to analysts’ expectations of $135.23 million. Equities analysts anticipate that Six Flags Entertainment will post 1.54 EPS for the current year.

About Six Flags Entertainment

(Get Free Report

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.

See Also

Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

Receive News & Ratings for Six Flags Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.