Six Flags Entertainment Co. (NYSE:SIX) Receives Consensus Rating of “Hold” from Brokerages

Six Flags Entertainment Co. (NYSE:SIXGet Free Report) has been given a consensus rating of “Hold” by the twelve research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.42.

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their target price for the stock from $29.00 to $27.00 in a research note on Wednesday, May 15th. StockNews.com assumed coverage on shares of Six Flags Entertainment in a research report on Wednesday. They set a “hold” rating for the company. Finally, B. Riley raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price target for the company from $30.00 to $31.00 in a research note on Thursday, April 18th.

Get Our Latest Research Report on SIX

Insider Activity at Six Flags Entertainment

In related news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total transaction of $60,812.00. Following the sale, the chief accounting officer now directly owns 12,805 shares of the company’s stock, valued at approximately $338,564.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Six Flags Entertainment by 20.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,818 shares of the company’s stock worth $38,619,000 after purchasing an additional 260,154 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Six Flags Entertainment by 142.8% during the 4th quarter. Allianz Asset Management GmbH now owns 142,505 shares of the company’s stock worth $3,574,000 after acquiring an additional 83,805 shares in the last quarter. Yousif Capital Management LLC lifted its position in Six Flags Entertainment by 9.2% in the fourth quarter. Yousif Capital Management LLC now owns 38,842 shares of the company’s stock valued at $974,000 after acquiring an additional 3,263 shares during the last quarter. New York Life Investment Management LLC acquired a new position in Six Flags Entertainment in the fourth quarter valued at $8,482,000. Finally, Black Diamond Capital Management L.L.C. grew its holdings in shares of Six Flags Entertainment by 338.1% during the fourth quarter. Black Diamond Capital Management L.L.C. now owns 438,052 shares of the company’s stock worth $10,986,000 after purchasing an additional 338,052 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Six Flags Entertainment Stock Performance

Shares of Six Flags Entertainment stock opened at $32.00 on Wednesday. The firm has a 50-day simple moving average of $28.09 and a two-hundred day simple moving average of $26.03. Six Flags Entertainment has a fifty-two week low of $18.29 and a fifty-two week high of $34.06. The company has a market cap of $2.70 billion, a P/E ratio of 100.00 and a beta of 2.33.

Six Flags Entertainment (NYSE:SIXGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, hitting the consensus estimate of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The company had revenue of $133.29 million during the quarter, compared to analyst estimates of $135.23 million. Equities research analysts forecast that Six Flags Entertainment will post 1.53 EPS for the current year.

Six Flags Entertainment Announces Dividend

The company also recently announced a dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 28th were paid a dividend of $1.53 per share. The ex-dividend date of this dividend was Thursday, June 27th.

About Six Flags Entertainment

(Get Free Report

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.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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