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

StockNews.com initiated coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

SIX has been the subject of several other research reports. Citigroup raised their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company 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 boosted their price target for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. Finally, Truist Financial increased their price objective on Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $28.31.

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock opened at $25.07 on Tuesday. The company has a market capitalization of $2.11 billion, a PE ratio of 54.50 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. The firm has a 50 day moving average price of $25.05 and a 200 day moving average price of $24.44.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data 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 firm had revenue of $292.55 million during the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. As a group, equities research analysts forecast that Six Flags Entertainment will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $549,000. New York State Teachers Retirement System boosted 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 acquiring an additional 782 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Six Flags Entertainment by 26.4% during the third quarter. Victory Capital Management Inc. now owns 25,388 shares of the company’s stock worth $597,000 after purchasing an additional 5,302 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Six Flags Entertainment during the third quarter worth about $4,188,000. Finally, Jump Financial LLC lifted its holdings in shares of Six Flags Entertainment by 207.2% in the 3rd 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 during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.