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

StockNews.com began coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research report sent to investors on Monday. The firm issued a hold rating on the stock.

Several other brokerages have also recently weighed in on SIX. B. Riley upgraded Six Flags Entertainment from a neutral rating to a buy rating and raised their price objective for the company from $30.00 to $31.00 in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a buy rating to a hold rating and decreased their target price for the company from $29.00 to $27.00 in a research report on Wednesday, May 15th. Finally, Citigroup raised their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the company a buy rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment presently has a consensus rating of Hold and an average price target of $27.42.

Six Flags Entertainment Stock Down 0.9 %

Shares of SIX opened at $31.19 on Monday. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $32.23. The business’s fifty day moving average is $26.30 and its 200 day moving average is $25.48. The stock has a market cap of $2.63 billion, a P/E ratio of 97.47 and a beta of 2.25.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Thursday, May 9th. The company reported ($0.91) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $135.23 million. On average, analysts expect that Six Flags Entertainment will post 1.53 EPS for the current year.

Six Flags Entertainment Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 28th will be given a dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, June 27th.

Insider Activity

In other news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the sale, the chief accounting officer now owns 12,805 shares in the company, valued at approximately $338,564.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI lifted its position in Six Flags Entertainment by 527.2% in the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Six Flags Entertainment in the 3rd quarter worth approximately $48,000. Neo Ivy Capital Management bought a new stake in Six Flags Entertainment in the 4th quarter worth approximately $98,000. Quest Partners LLC bought a new stake in Six Flags Entertainment in the 4th quarter worth approximately $135,000. Finally, Contravisory Investment Management Inc. bought a new stake in Six Flags Entertainment in the first quarter valued at approximately $145,000. Institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Company Profile

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.