Six Flags Entertainment (NYSE:SIX) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

SIX has been the topic of several other reports. B. Riley upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $31.00 in a report on Thursday, April 18th. Citigroup increased their target price on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Truist Financial increased their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and an average price target of $28.31.

Six Flags Entertainment Trading Up 1.4 %

Shares of SIX opened at $23.77 on Friday. Six Flags Entertainment has a twelve month low of $18.29 and a twelve month high of $28.99. The company has a market cap of $2.00 billion, a P/E ratio of 51.67 and a beta of 2.20. The company’s fifty day simple moving average is $25.23 and its 200-day simple moving average is $24.20.

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

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently bought and sold shares of the business. National Bank of Canada FI grew its stake in shares of Six Flags Entertainment by 527.2% during the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Six Flags Entertainment during the 3rd quarter worth approximately $48,000. Neo Ivy Capital Management acquired a new stake in shares of Six Flags Entertainment during the 4th quarter worth approximately $98,000. Quest Partners LLC acquired a new stake in shares of Six Flags Entertainment during the 4th quarter worth approximately $135,000. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Six Flags Entertainment during the 1st quarter worth approximately $145,000. 98.04% of the stock is 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.