Posted by Defense World Staff on Jun 8th, 2024
StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.
Several other equities analysts have also recently issued reports on the stock. Citigroup boosted their target price on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their price target for the company from $29.00 to $27.00 in a research note on Wednesday, May 15th. Finally, B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.42.
Six Flags Entertainment Trading Up 2.5 %
Shares of SIX stock opened at $26.46 on Friday. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $28.91. The business’s fifty day simple moving average is $25.19 and its 200-day simple moving average is $25.07. The company has a market cap of $2.23 billion, a PE ratio of 82.69 and a beta of 2.25.
Six Flags Entertainment (NYSE:SIX – Get Free Report) last released 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 company had revenue of $133.29 million during the quarter, compared to analysts’ expectations of $135.23 million. On average, equities analysts forecast that Six Flags Entertainment will post 1.54 earnings per share for the current year.
Insider Activity at Six Flags Entertainment
In related news, CAO Derek Sample sold 2,300 shares of the stock in a transaction on Tuesday, May 21st. The stock was 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 of the company’s stock, valued at $338,564.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.49% of the company’s stock.
Institutional Trading of Six Flags Entertainment
A number of institutional investors have recently modified their holdings of the business. National Bank of Canada FI boosted 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 in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Six Flags Entertainment in the 3rd quarter valued at about $48,000. Neo Ivy Capital Management acquired a new stake in shares of Six Flags Entertainment during the 4th quarter worth about $98,000. Quest Partners LLC acquired a new position in shares of Six Flags Entertainment in the fourth quarter valued at approximately $135,000. Finally, Contravisory Investment Management Inc. acquired a new position in Six Flags Entertainment in the 1st quarter valued at $145,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.
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.
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