Six Flags Entertainment (NYSE:SIX) Now Covered by Analysts at StockNews.com

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

A number of other analysts have also commented on the company. B. Riley upgraded Six Flags Entertainment from a neutral rating to a buy rating and lifted their price objective for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Citigroup increased their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a buy rating in a report on Friday, March 1st. Finally, Truist Financial raised their price objective on shares of 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment has a consensus rating of Hold and a consensus target price of $28.31.

Six Flags Entertainment Stock Performance

Shares of SIX stock opened at $25.10 on Tuesday. Six Flags Entertainment has a 1 year low of $18.29 and a 1 year high of $28.99. The firm’s 50 day moving average is $25.04 and its 200-day moving average is $24.43. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 54.57 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). The company had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. On average, equities research analysts forecast that Six Flags Entertainment will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $549,000. New York State Teachers Retirement System raised its stake in shares of Six Flags Entertainment by 1.0% in the 3rd quarter. New York State Teachers Retirement System now owns 81,574 shares of the company’s stock valued at $1,918,000 after purchasing an additional 782 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Six Flags Entertainment by 26.4% in the third quarter. Victory Capital Management Inc. now owns 25,388 shares of the company’s stock valued at $597,000 after purchasing an additional 5,302 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Six Flags Entertainment during the third quarter worth about $4,188,000. Finally, Jump Financial LLC grew its holdings in shares of Six Flags Entertainment by 207.2% during the third quarter. Jump Financial LLC now owns 40,030 shares of the company’s stock worth $941,000 after buying an additional 26,998 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment

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.