Six Flags Entertainment (NYSE:SIX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX – Get Rating) in a report released on Thursday. The firm issued a hold rating on the stock.

Several other brokerages have also issued reports on SIX. Rosenblatt Securities upped their target price on Six Flags Entertainment from $28.00 to $31.00 and gave the stock a buy rating in a research note on Tuesday, January 10th. Citigroup upped their target price on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a neutral rating in a research note on Friday, March 3rd. TheStreet lowered Six Flags Entertainment from a c rating to a d+ rating in a research note on Thursday, March 2nd. Credit Suisse Group dropped their price objective on Six Flags Entertainment to $39.00 in a research note on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Six Flags Entertainment from $29.00 to $36.00 and gave the company a buy rating in a research note on Monday, March 6th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $30.18.

Six Flags Entertainment Trading Down 3.7 %

SIX stock opened at $24.79 on Thursday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 18.78 and a beta of 2.19. The company’s 50 day moving average is $27.23 and its 200 day moving average is $23.61. Six Flags Entertainment has a 1-year low of $16.83 and a 1-year high of $44.82.

Institutional Trading of Six Flags Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIX. BlackRock Inc. raised its holdings in 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. Vanguard Group Inc. raised its holdings in Six Flags Entertainment by 6.3% in the first quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock worth $354,841,000 after purchasing an additional 483,965 shares in the last quarter. Long Pond Capital LP raised its holdings in Six Flags Entertainment by 503.5% in the third quarter. Long Pond Capital LP now owns 4,716,813 shares of the company’s stock worth $83,488,000 after purchasing an additional 3,935,291 shares in the last quarter. Thunderbird Partners LLP raised its holdings in Six Flags Entertainment by 12.2% in the third quarter. Thunderbird Partners LLP now owns 3,552,544 shares of the company’s stock worth $62,880,000 after purchasing an additional 387,103 shares in the last quarter. Finally, HG Vora Capital Management LLC bought a new position in Six Flags Entertainment in the third quarter worth $61,950,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

About Six Flags Entertainment

(Get Rating)

Six Flags Entertainment Corp. operates theme parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is headquartered in Arlington, TX.