Six Flags Entertainment (NYSE:SIX) Earns Hold Rating from Analysts at StockNews.com

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

SIX has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a buy rating to a hold rating and dropped their price target for the stock from $29.00 to $27.00 in a research report on Wednesday, May 15th. B. Riley upgraded 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 research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $27.42.

Six Flags Entertainment Stock Performance

Shares of SIX stock opened at $32.00 on Thursday. The firm has a market capitalization of $2.70 billion, a PE ratio of 100.00 and a beta of 2.33. The stock has a fifty day simple moving average of $28.84 and a two-hundred day simple moving average of $26.29. Six Flags Entertainment has a 52-week low of $18.29 and a 52-week high of $34.06.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.91). The firm had revenue of $133.29 million during the quarter, compared to analyst estimates of $135.23 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. On average, sell-side analysts forecast that Six Flags Entertainment will post 1.53 EPS for the current fiscal year.

Six Flags Entertainment Announces Dividend

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

Insiders Place Their Bets

In other news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.

Institutional Trading of Six Flags Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Six Flags Entertainment by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,930,665 shares of the company’s stock valued at $208,735,000 after acquiring an additional 125,484 shares in the last quarter. Jane Street Group LLC increased its holdings in 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 buying an additional 1,458,984 shares during the period. Goldman Sachs Group Inc. increased its holdings in Six Flags Entertainment by 59.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company’s stock valued at $68,965,000 after buying an additional 1,021,833 shares during the period. Dimensional Fund Advisors LP increased its holdings in Six Flags Entertainment by 20.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,818 shares of the company’s stock valued at $38,619,000 after buying an additional 260,154 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in Six Flags Entertainment by 2.6% during the first quarter. Clearbridge Investments LLC now owns 1,408,256 shares of the company’s stock valued at $37,065,000 after buying an additional 36,277 shares during the period. Institutional investors 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.