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

Analysts at StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX) in a report released on Sunday. The firm set a “hold” rating on the stock.

SIX has been the subject of several other reports. Truist Financial increased their price target on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Citigroup increased their price target on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $31.00 in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.31.

Six Flags Entertainment Price Performance

Shares of NYSE SIX opened at $23.77 on Friday. The stock has a fifty day moving average price of $25.23 and a 200 day moving average price of $24.20. Six Flags Entertainment has a 1-year low of $18.29 and a 1-year high of $28.99. The company has a market cap of $2.00 billion, a PE ratio of 51.67 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings results 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). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The company had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. Analysts anticipate that Six Flags Entertainment will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SIX. Cooper Creek Partners Management LLC increased its position in shares of Six Flags Entertainment by 73.1% in the third quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock valued at $77,280,000 after buying an additional 1,387,734 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Six Flags Entertainment by 59.1% in 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 in the last quarter. Rush Island Management LP increased its position in shares of Six Flags Entertainment by 23.9% in the third quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock valued at $81,536,000 after buying an additional 668,986 shares in the last quarter. UBS Group AG increased its position in Six Flags Entertainment by 26,744.9% during the 3rd quarter. UBS Group AG now owns 584,413 shares of the company’s stock worth $13,740,000 after purchasing an additional 582,236 shares in the last quarter. Finally, Hawk Ridge Capital Management LP increased its position in Six Flags Entertainment by 81.3% during the 3rd quarter. Hawk Ridge Capital Management LP now owns 1,193,868 shares of the company’s stock worth $28,068,000 after purchasing an additional 535,486 shares in the last quarter. Hedge funds and other 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.