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

Equities research analysts at StockNews.com assumed coverage on shares of Six Flags Entertainment (NYSE:SIX) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

SIX has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $29.00 to $27.00 in a research report on Wednesday, May 15th. Citigroup upped their price target on Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.42.

Six Flags Entertainment Stock Up 0.2 %

Shares of SIX stock opened at $31.46 on Monday. The firm has a market capitalization of $2.65 billion, a P/E ratio of 98.31 and a beta of 2.25. Six Flags Entertainment has a twelve month low of $18.29 and a twelve month high of $32.23. The stock’s fifty day simple moving average is $26.15 and its 200 day simple moving average is $25.43.

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, hitting analysts’ consensus estimates of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The business had revenue of $133.29 million for the quarter, compared to analyst estimates of $135.23 million. As a group, equities research analysts expect that Six Flags Entertainment will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 12,805 shares of the company’s stock, valued at approximately $338,564.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors have recently modified their holdings of SIX. National Bank of Canada FI grew its holdings in shares of Six Flags Entertainment by 527.2% in the fourth quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Six Flags Entertainment in the third quarter valued at approximately $48,000. Neo Ivy Capital Management bought a new position in shares of Six Flags Entertainment in the fourth quarter valued at approximately $98,000. Quest Partners LLC bought a new position in shares of Six Flags Entertainment in the fourth quarter valued at approximately $135,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Six Flags Entertainment in the first quarter valued at approximately $145,000. 98.04% of the stock is owned by institutional investors.

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.