Six Flags Entertainment (NYSE:SIX) Hits New 12-Month High at $29.48

Six Flags Entertainment Co. (NYSE:SIXGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.48 and last traded at $29.42, with a volume of 541371 shares. The stock had previously closed at $28.91.

Analysts Set New Price Targets

SIX has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and lowered their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 15th. Citigroup raised 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 report on Friday, March 1st. StockNews.com initiated coverage on shares of Six Flags Entertainment in a research report on Sunday. They set a “hold” rating on the stock. Finally, B. Riley upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and raised their target price 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 given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and a consensus price target of $27.42.

View Our Latest Research Report on Six Flags Entertainment

Six Flags Entertainment Stock Up 4.6 %

The business has a fifty day simple moving average of $25.48 and a 200 day simple moving average of $25.21. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 90.34 and a beta of 2.25.

Six Flags Entertainment (NYSE:SIXGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, meeting analysts’ consensus estimates of ($0.91). The company had revenue of $133.29 million during the quarter, compared to the consensus estimate of $135.23 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. Equities analysts anticipate that Six Flags Entertainment Co. will post 1.53 EPS for the current fiscal year.

Insider Transactions at Six Flags Entertainment

In other news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the transaction, the chief accounting officer now owns 12,805 shares of the company’s stock, valued at approximately $338,564.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Six Flags Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its position in Six Flags Entertainment by 112.0% during the 1st quarter. Jane Street Group LLC now owns 2,761,099 shares of the company’s stock worth $72,672,000 after purchasing an additional 1,458,984 shares in the last quarter. Kodai Capital Management LP purchased a new stake in Six Flags Entertainment during the 1st quarter worth about $9,700,000. Bayesian Capital Management LP purchased a new stake in Six Flags Entertainment during the 1st quarter worth about $782,000. Price T Rowe Associates Inc. MD increased its position in 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 worth $1,310,000 after purchasing an additional 2,708 shares in the last quarter. Finally, Senator Investment Group LP purchased a new stake in Six Flags Entertainment during the 1st quarter worth about $9,061,000. Hedge funds and other institutional investors 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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