Six Flags Entertainment (NYSE:SIX) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

A number of other brokerages have also recently issued reports on SIX. Deutsche Bank Aktiengesellschaft cut Six Flags Entertainment from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. B. Riley upgraded 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $27.42.

Six Flags Entertainment Stock Down 3.4 %

Shares of NYSE:SIX opened at $32.00 on Tuesday. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $34.06. The stock has a market cap of $2.70 billion, a PE ratio of 100.00 and a beta of 2.33. The business has a 50 day moving average of $27.42 and a 200-day moving average of $25.80.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) earnings per share (EPS) for the quarter, hitting 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 company had revenue of $133.29 million during the quarter, compared to analysts’ expectations of $135.23 million. Equities research analysts expect that Six Flags Entertainment will post 1.53 earnings per share for the current year.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 12,805 shares of the company’s stock, valued at $338,564.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in SIX. AXQ Capital LP bought a new position in shares of Six Flags Entertainment during the 3rd quarter worth about $216,000. Rip Road Capital Partners LP boosted its position in shares of Six Flags Entertainment by 152.1% during the 3rd quarter. Rip Road Capital Partners LP now owns 316,100 shares of the company’s stock worth $7,432,000 after purchasing an additional 190,700 shares in the last quarter. Rush Island Management LP boosted its position in shares of Six Flags Entertainment by 23.9% during the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after purchasing an additional 668,986 shares in the last quarter. Savoir Faire Capital Management L.P. acquired a new stake in shares of Six Flags Entertainment in the 3rd quarter worth about $2,140,000. Finally, Hudson Bay Capital Management LP raised its holdings in shares of Six Flags Entertainment by 51.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 208,420 shares of the company’s stock worth $4,900,000 after acquiring an additional 70,502 shares during the last quarter. 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.