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 research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

SIX has been the subject of several other reports. B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the company from $29.00 to $27.00 in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $27.42.

Six Flags Entertainment Trading Down 3.5 %

Shares of SIX stock opened at $31.98 on Tuesday. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $34.06. The business’s 50 day moving average is $27.10 and its two-hundred day moving average is $25.70. The company has a market capitalization of $2.69 billion, a P/E ratio of 99.94 and a beta of 2.33.

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

Insider Buying and Selling at Six Flags Entertainment

In other news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in 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 purchasing an additional 949 shares during the period. Neo Ivy Capital Management acquired a new position in Six Flags Entertainment in the 4th quarter valued at about $98,000. Quest Partners LLC purchased a new stake in Six Flags Entertainment during the 4th quarter valued at approximately $135,000. Contravisory Investment Management Inc. acquired a new stake in Six Flags Entertainment during the 1st quarter worth approximately $145,000. Finally, AXQ Capital LP purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at approximately $216,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.