Wedbush Reiterates $76.00 Price Target for Six Flags Entertainment (SIX)
A number of other analysts have also recently commented on SIX. FBR & Co reaffirmed a buy rating and set a $65.00 target price on shares of Six Flags Entertainment in a report on Monday, September 25th. Stifel Nicolaus reaffirmed a buy rating and set a $72.00 target price on shares of Six Flags Entertainment in a report on Thursday, October 12th. Zacks Investment Research cut shares of Six Flags Entertainment from a hold rating to a sell rating in a report on Wednesday, October 18th. SunTrust Banks reaffirmed a buy rating and set a $70.00 target price on shares of Six Flags Entertainment in a report on Friday, October 27th. Finally, TheStreet raised shares of Six Flags Entertainment from a c+ rating to a b- rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $67.44.
Six Flags Entertainment (NYSE:SIX) opened at $67.18 on Monday. The firm has a market cap of $5,630.00, a P/E ratio of 32.14, a P/E/G ratio of 3.58 and a beta of 1.18. Six Flags Entertainment has a 52-week low of $51.25 and a 52-week high of $67.93. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53.
Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The company had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts expect that Six Flags Entertainment will post 2.13 EPS for the current year.
In other news, CEO James Reid-Anderson sold 41,008 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $65.06, for a total value of $2,667,980.48. Following the completion of the sale, the chief executive officer now directly owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 281,139 shares of company stock valued at $18,706,366. 6.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Six Flags Entertainment by 9.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock worth $1,000,000 after purchasing an additional 1,421 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Six Flags Entertainment in the second quarter worth $255,000. Thrivent Financial For Lutherans increased its stake in shares of Six Flags Entertainment by 542.2% in the second quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock worth $46,718,000 after purchasing an additional 661,690 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Six Flags Entertainment by 5.4% in the second quarter. Teachers Advisors LLC now owns 136,543 shares of the company’s stock worth $8,139,000 after purchasing an additional 6,986 shares in the last quarter. Finally, Emerald Advisers Inc. PA increased its stake in shares of Six Flags Entertainment by 8.0% in the third quarter. Emerald Advisers Inc. PA now owns 36,162 shares of the company’s stock worth $2,204,000 after purchasing an additional 2,668 shares in the last quarter. 99.45% of the stock is owned by hedge funds and other institutional investors.
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Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.
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