StockNews.com Begins Coverage on Six Flags Entertainment (NYSE:SIX)

StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report released on Monday morning. The firm issued a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. Citigroup lifted 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. Truist Financial raised their price objective on Six Flags Entertainment from $23.00 to $24.00 and gave the company a hold rating in a report on Tuesday, January 9th. Finally, B. Riley upgraded shares of Six Flags Entertainment from a neutral rating to a buy rating and upped their price objective for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Six Flags Entertainment presently has an average rating of Hold and a consensus target price of $28.31.

Six Flags Entertainment Stock Performance

NYSE:SIX opened at $23.53 on Monday. The firm’s fifty day moving average is $25.01 and its two-hundred day moving average is $24.28. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 51.15 and a beta of 2.20. Six Flags Entertainment has a one year low of $18.29 and a one year high of $28.99.

Six Flags Entertainment (NYSE:SIX) last announced 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 net margin of 2.73% and a negative return on equity of 7.31%. The company had revenue of $292.55 million for the quarter, compared to analysts’ expectations of $298.42 million. As a group, equities research analysts predict that Six Flags Entertainment will post 1.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rush Island Management LP increased its stake in shares of Six Flags Entertainment by 23.9% in the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after acquiring an additional 668,986 shares during the last quarter. Cooper Creek Partners Management LLC grew its holdings 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 purchasing an additional 1,387,734 shares during the period. Goldman Sachs Group Inc. raised its stake in Six Flags Entertainment by 59.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company’s stock worth $68,965,000 after purchasing an additional 1,021,833 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Six Flags Entertainment by 20.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,539,818 shares of the company’s stock worth $38,619,000 after buying an additional 260,154 shares during the last quarter. Finally, Land & Buildings Investment Management LLC raised its position in shares of Six Flags Entertainment by 60.9% during the 3rd quarter. Land & Buildings Investment Management LLC now owns 1,383,986 shares of the company’s stock valued at $32,538,000 after buying an additional 524,070 shares during the period. Institutional investors and hedge funds 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.