Six Flags Entertainment (NYSE:SIX) PT Lowered to $32.00 at Truist Financial

Six Flags Entertainment (NYSE:SIXGet Rating) had its price target trimmed by Truist Financial from $46.00 to $32.00 in a research note published on Friday, The Fly reports.

SIX has been the topic of a number of other research reports. StockNews.com started coverage on Six Flags Entertainment in a research note on Thursday, March 31st. They set a hold rating on the stock. Citigroup lowered their price objective on Six Flags Entertainment from $51.00 to $41.00 in a research note on Friday. Zacks Investment Research upgraded Six Flags Entertainment from a hold rating to a buy rating and set a $45.00 price objective on the stock in a research note on Thursday, April 28th. B. Riley reduced their target price on Six Flags Entertainment from $63.00 to $55.00 and set a buy rating on the stock in a report on Thursday, April 21st. Finally, Oppenheimer raised Six Flags Entertainment from a market perform rating to an outperform rating and set a $54.00 target price on the stock in a report on Tuesday, January 18th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $50.27.

NYSE:SIX traded up $0.91 on Friday, hitting $29.21. The company’s stock had a trading volume of 4,137,502 shares, compared to its average volume of 1,695,766. The stock has a fifty day moving average of $39.64 and a two-hundred day moving average of $40.79. The firm has a market capitalization of $2.52 billion, a P/E ratio of 15.96 and a beta of 2.22. Six Flags Entertainment has a one year low of $26.84 and a one year high of $47.61.

Six Flags Entertainment (NYSE:SIXGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31. Six Flags Entertainment had a negative return on equity of 11.88% and a net margin of 8.68%. The firm had revenue of $138.10 million for the quarter, compared to analyst estimates of $122.26 million. During the same quarter last year, the company earned ($1.12) EPS. The company’s revenue was up 68.4% on a year-over-year basis. On average, equities research analysts anticipate that Six Flags Entertainment will post 2.29 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Six Flags Entertainment during the 1st quarter worth about $35,000. Acadian Asset Management LLC acquired a new position in Six Flags Entertainment during the 4th quarter worth about $39,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Six Flags Entertainment by 58.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company’s stock worth $51,000 after buying an additional 428 shares during the period. Spire Wealth Management lifted its holdings in Six Flags Entertainment by 464.1% during the 4th quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock worth $54,000 after buying an additional 1,035 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Six Flags Entertainment in the 4th quarter worth about $75,000. 88.55% of the stock is currently owned by institutional investors.

About Six Flags Entertainment (Get Rating)

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 also sells food, beverages, merchandise, and other products and services within its parks.

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