Six Flags Entertainment (NYSE:SIX) Earns Hold Rating from Analysts at StockNews.com

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

Several other equities analysts have also issued reports on SIX. B. Riley raised Six Flags Entertainment from a neutral rating to a buy rating and boosted their price target for the company from $30.00 to $31.00 in a research note on Thursday, April 18th. Citigroup increased their price target on Six Flags Entertainment from $28.00 to $30.00 and gave the company a buy rating in a research report on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a buy rating to a hold rating and reduced their price objective for the company from $29.00 to $27.00 in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Six Flags Entertainment presently has an average rating of Hold and an average target price of $27.42.

Six Flags Entertainment Stock Up 3.6 %

Shares of SIX opened at $31.13 on Monday. The company has a 50 day moving average of $26.56 and a 200-day moving average of $25.55. Six Flags Entertainment has a twelve month low of $18.29 and a twelve month high of $32.23. The stock has a market capitalization of $2.62 billion, a P/E ratio of 97.28 and a beta of 2.25.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, meeting analysts’ consensus estimates of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The business had revenue of $133.29 million during the quarter, compared to the consensus estimate of $135.23 million. On average, sell-side analysts anticipate that Six Flags Entertainment will post 1.53 earnings per share for the current fiscal year.

Six Flags Entertainment Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 28th will be issued a dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, June 27th.

Insiders Place Their Bets

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 shares were sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the sale, the chief accounting officer now directly owns 12,805 shares in the company, valued at approximately $338,564.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Several institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI raised its position in shares of Six Flags Entertainment by 527.2% during the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Six Flags Entertainment during the 3rd quarter worth approximately $48,000. Neo Ivy Capital Management acquired a new stake in shares of Six Flags Entertainment in the 4th quarter valued at $98,000. Quest Partners LLC acquired a new stake in shares of Six Flags Entertainment in the 4th quarter valued at $135,000. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Six Flags Entertainment during the first quarter worth $145,000. 98.04% of the stock is owned by hedge funds and other 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.