Six Flags Entertainment (NYSE:SIX) Stock Rating Upgraded by B. Riley

Six Flags Entertainment (NYSE:SIX) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a $31.00 price target on the stock, up from their previous price target of $30.00. B. Riley’s target price suggests a potential upside of 30.42% from the stock’s current price.

A number of other analysts have also weighed in on SIX. StockNews.com started coverage on shares of Six Flags Entertainment in a research note on Saturday, April 13th. They set a “hold” rating on the stock. Truist Financial upped their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Finally, Citigroup upped their target price on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and a consensus target price of $28.31.

Six Flags Entertainment Stock Performance

Shares of SIX opened at $23.77 on Thursday. The stock has a market capitalization of $2.00 billion, a PE ratio of 51.67 and a beta of 2.20. Six Flags Entertainment has a 1 year low of $18.29 and a 1 year high of $28.99. The company’s 50-day simple moving average is $25.30 and its 200-day simple moving average is $24.17.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The business had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. On average, sell-side analysts predict that Six Flags Entertainment will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently modified their holdings of SIX. BlackRock Inc. grew its position in shares of Six Flags Entertainment by 45.7% during the third quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock worth $175,559,000 after acquiring an additional 3,108,978 shares during the last quarter. Land & Buildings Investment Management LLC lifted its holdings in shares of Six Flags Entertainment by 189.5% during the fourth quarter. Land & Buildings Investment Management LLC now owns 2,601,473 shares of the company’s stock worth $60,484,000 after purchasing an additional 1,702,783 shares during the period. Clearbridge Investments LLC lifted its holdings 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 purchasing an additional 1,625,966 shares during the period. Cooper Creek Partners Management LLC lifted its holdings in shares of Six Flags Entertainment by 73.1% during the third quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock worth $77,280,000 after purchasing an additional 1,387,734 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Six Flags Entertainment by 59.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company’s stock worth $68,965,000 after purchasing an additional 1,021,833 shares during the period. 98.04% of the stock is currently owned by hedge funds and other 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.