Posted by Defense World Staff on Apr 5th, 2024
Equities researchers at StockNews.com began coverage on shares of Six Flags Entertainment (NYSE:SIX – Get Free Report) in a research note issued on Friday. The firm set a “hold” rating on the stock.
SIX has been the subject of a number of other reports. Citigroup increased their price objective 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. B. Riley downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Monday, February 5th. Morgan Stanley raised Six Flags Entertainment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research report on Thursday, December 14th. Finally, Truist Financial raised their target price on Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus target price of $28.23.
View Our Latest Analysis on Six Flags Entertainment
Six Flags Entertainment Stock Down 0.6 %
Shares of Six Flags Entertainment stock opened at $25.09 on Friday. The company has a market cap of $2.11 billion, a PE ratio of 54.54 and a beta of 2.20. Six Flags Entertainment has a 52 week low of $18.29 and a 52 week high of $28.99. The business has a 50 day moving average price of $25.46 and a 200-day moving average price of $24.11.
Six Flags Entertainment (NYSE:SIX – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. The company had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. As a group, research analysts anticipate that Six Flags Entertainment will post 1.8 EPS for the current year.
Institutional Investors Weigh In On Six Flags Entertainment
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Six Flags Entertainment by 45.7% in the third quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock worth $175,559,000 after purchasing an additional 3,108,978 shares in the last quarter. Land & Buildings Investment Management LLC raised its holdings in Six Flags Entertainment by 189.5% during the 4th quarter. Land & Buildings Investment Management LLC now owns 2,601,473 shares of the company’s stock valued at $60,484,000 after acquiring an additional 1,702,783 shares during the period. Clearbridge Investments LLC lifted its position in shares of Six Flags Entertainment by 242.2% during the first quarter. Clearbridge Investments LLC now owns 2,297,340 shares of the company’s stock worth $99,934,000 after acquiring an additional 1,625,966 shares in the last quarter. Cooper Creek Partners Management LLC boosted its holdings in shares of Six Flags Entertainment by 73.1% in the third quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock worth $77,280,000 after acquiring an additional 1,387,734 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Six Flags Entertainment by 59.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company’s stock valued at $68,965,000 after purchasing an additional 1,021,833 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.
Featured Articles
- Five stocks we like better than Six Flags Entertainment
- How to Use the MarketBeat Excel Dividend Calculator
- 3 Stocks About to Book Gains on Building Products Demand
- What are earnings reports?
- Consumer Spending and Sentiment Rises: Time to Buy the XLY?
- Dividend Capture Strategy: What You Need to Know
- Is Estée Lauder on the Verge Of a Massive Comeback?
Receive News & Ratings for Six Flags Entertainment Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Six Flags Entertainment and related companies with MarketBeat.com’s FREE daily email newsletter.
You might be interested in:
