Six Flags Entertainment (NYSE:SIX) Research Coverage Started at StockNews.com

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

Other research analysts have also recently issued research reports about the stock. B. Riley upgraded shares of Six Flags Entertainment from a neutral rating to a buy rating and lifted their price objective for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft downgraded shares of Six Flags Entertainment from a buy rating to a hold rating and decreased their price target for the stock from $29.00 to $27.00 in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Six Flags Entertainment presently has a consensus rating of Hold and a consensus target price of $27.42.

Six Flags Entertainment Price Performance

NYSE:SIX opened at $32.00 on Tuesday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 100.00 and a beta of 2.33. The company’s 50-day moving average is $27.59 and its two-hundred day moving average is $25.84. Six Flags Entertainment has a 1-year low of $18.29 and a 1-year high of $34.06.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $135.23 million. As a group, equities analysts anticipate that Six Flags Entertainment will post 1.53 earnings per share for the current fiscal year.

Six Flags Entertainment Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 28th were issued a dividend of $1.53 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Insider Transactions at Six Flags Entertainment

In other news, CAO Derek Sample sold 2,300 shares of the 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 directly owns 12,805 shares in the company, valued at approximately $338,564.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its position in Six Flags Entertainment by 112.0% in the first quarter. Jane Street Group LLC now owns 2,761,099 shares of the company’s stock valued at $72,672,000 after acquiring an additional 1,458,984 shares in the last quarter. Kodai Capital Management LP purchased a new position in shares of Six Flags Entertainment during the 1st quarter valued at approximately $9,700,000. Bayesian Capital Management LP purchased a new position in shares of Six Flags Entertainment during the 1st quarter valued at approximately $782,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Six Flags Entertainment by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 49,765 shares of the company’s stock valued at $1,310,000 after buying an additional 2,708 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in Six Flags Entertainment during the first quarter worth $9,061,000. 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.