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

StockNews.com assumed coverage on shares of Six Flags Entertainment (NYSE:SIX) in a report published on Thursday morning. The firm issued a hold rating on the stock.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut 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. B. Riley raised Six Flags Entertainment from a neutral rating to a buy rating and raised their price objective for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Six Flags Entertainment presently has a consensus rating of Hold and a consensus target price of $27.42.

Six Flags Entertainment Trading Down 3.4 %

Shares of SIX opened at $32.00 on Thursday. The company has a market cap of $2.70 billion, a PE ratio of 100.00 and a beta of 2.33. The stock has a 50-day moving average price of $28.84 and a 200-day moving average price of $26.29. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $34.06.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.91). The company had revenue of $133.29 million for the quarter, compared to analysts’ expectations of $135.23 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. As a group, analysts predict that Six Flags Entertainment will post 1.53 earnings per share for the current year.

Six Flags Entertainment Announces Dividend

The business also recently declared a dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 28th were paid a $1.53 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

Insider Transactions at Six Flags Entertainment

In other news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total value of $60,812.00. Following the sale, 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 filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Six Flags Entertainment

Large investors have recently made changes to their positions in the business. National Bank of Canada FI grew its position in shares of Six Flags Entertainment by 527.2% in the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Six Flags Entertainment during the fourth quarter valued at approximately $98,000. Quest Partners LLC bought a new stake in shares of Six Flags Entertainment during the fourth quarter valued at approximately $135,000. Contravisory Investment Management Inc. bought a new stake in shares of Six Flags Entertainment during the first quarter valued at approximately $145,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Six Flags Entertainment by 16.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,193 shares of the company’s stock valued at $321,000 after purchasing an additional 1,681 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

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.