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

StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIXFree Report) in a report issued on Sunday. The firm issued a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. 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 raised shares of Six Flags Entertainment from a neutral rating to a buy rating and boosted their target price for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Six Flags Entertainment from a buy rating to a hold rating and decreased their target price for the stock from $29.00 to $27.00 in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment presently has an average rating of Hold and an average target price of $27.42.

Read Our Latest Stock Report on Six Flags Entertainment

Six Flags Entertainment Trading Up 5.8 %

NYSE SIX opened at $31.97 on Friday. Six Flags Entertainment has a 1-year low of $18.29 and a 1-year high of $32.23. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 99.91 and a beta of 2.25. The company has a 50 day moving average of $25.71 and a 200-day moving average of $25.29.

Six Flags Entertainment (NYSE:SIXGet Free Report) last announced its quarterly earnings data 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 net margin of 1.84% and a negative return on equity of 6.61%. The business had revenue of $133.29 million during the quarter, compared to the consensus estimate of $135.23 million. On average, equities research analysts forecast that Six Flags Entertainment will post 1.53 earnings per share for the current year.

Insider Buying and Selling at Six Flags Entertainment

In other news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total transaction of $60,812.00. Following the transaction, the chief accounting officer now owns 12,805 shares in the company, valued at $338,564.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors have recently made changes to their positions in SIX. Jane Street Group LLC raised its holdings in shares of Six Flags Entertainment by 112.0% during the first quarter. Jane Street Group LLC now owns 2,761,099 shares of the company’s stock valued at $72,672,000 after purchasing an additional 1,458,984 shares during the period. Cooper Creek Partners Management LLC raised its holdings in shares of Six Flags Entertainment by 73.1% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock worth $77,280,000 after acquiring an additional 1,387,734 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Six Flags Entertainment by 59.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company’s stock worth $68,965,000 after acquiring an additional 1,021,833 shares during the last quarter. Rush Island Management LP raised its holdings in shares of Six Flags Entertainment by 23.9% in the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after acquiring an additional 668,986 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Six Flags Entertainment by 26,744.9% in the 3rd quarter. UBS Group AG now owns 584,413 shares of the company’s stock worth $13,740,000 after acquiring an additional 582,236 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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