Six Flags Entertainment (NYSE:SIX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.

SIX has been the subject of a number of other research reports. Citigroup lifted their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a buy rating in a research note on Friday, March 1st. Truist Financial lifted their price target on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a hold rating in a research note on Tuesday, January 9th. Finally, B. Riley upgraded shares of Six Flags Entertainment from a neutral rating to a buy rating and lifted their price target for the stock from $30.00 to $31.00 in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $28.31.

Six Flags Entertainment Trading Down 0.6 %

NYSE SIX opened at $23.45 on Friday. The company’s fifty day simple moving average is $25.23 and its 200-day simple moving average is $24.20. Six Flags Entertainment has a 52 week low of $18.29 and a 52 week high of $28.99. The stock has a market cap of $1.97 billion, a P/E ratio of 50.98 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. On average, research analysts expect that Six Flags Entertainment will post 1.79 EPS for the current fiscal year.

Institutional Trading of Six Flags Entertainment

Several institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its position in shares of Six Flags Entertainment by 151.2% during the third quarter. Deutsche Bank AG now owns 321,548 shares of the company’s stock worth $7,560,000 after acquiring an additional 193,543 shares during the last quarter. Rush Island Management LP grew its position in shares of Six Flags Entertainment by 23.9% during the third 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. Cove Street Capital LLC grew its position in shares of Six Flags Entertainment by 12.4% during the third quarter. Cove Street Capital LLC now owns 478,053 shares of the company’s stock worth $10,818,000 after acquiring an additional 52,600 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Six Flags Entertainment by 586.9% during the third quarter. Canada Pension Plan Investment Board now owns 207,445 shares of the company’s stock worth $4,877,000 after acquiring an additional 177,245 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in shares of Six Flags Entertainment during the third quarter worth about $429,000. 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.