Six Flags Entertainment (SIX) Upgraded to “Buy” at Zacks Investment Research

Six Flags Entertainment (NYSE:SIX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $74.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 16.43% from the stock’s current price.

According to Zacks, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY. “

A number of other equities analysts have also recently issued reports on SIX. B. Riley reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and issued a $70.00 price objective on shares of Six Flags Entertainment in a report on Friday, October 27th. Wedbush set a $76.00 price objective on Six Flags Entertainment and gave the stock a “buy” rating in a report on Monday, January 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price objective on shares of Six Flags Entertainment in a report on Thursday, October 12th. Finally, FBR & Co reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $68.10.

Six Flags Entertainment (NYSE:SIX) traded down $1.06 on Tuesday, hitting $63.56. The stock had a trading volume of 222,003 shares, compared to its average volume of 736,273. Six Flags Entertainment has a 1 year low of $51.25 and a 1 year high of $69.99. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. The stock has a market cap of $5,546.62, a PE ratio of 30.40, a P/E/G ratio of 3.53 and a beta of 1.15.

In related news, CEO James Reid-Anderson sold 41,008 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $65.06, for a total transaction of $2,667,980.48. Following the completion of the sale, the chief executive officer now directly owns 3,570,602 shares in the company, valued at approximately $232,303,366.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 281,139 shares of company stock valued at $18,706,366 over the last 90 days. 6.90% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Avenir Corp lifted its holdings in Six Flags Entertainment by 0.6% in the 1st quarter. Avenir Corp now owns 5,880 shares of the company’s stock worth $350,000 after buying an additional 35 shares during the period. Banced Corp lifted its holdings in Six Flags Entertainment by 0.5% in the 2nd quarter. Banced Corp now owns 7,752 shares of the company’s stock worth $462,000 after buying an additional 38 shares during the period. Weatherstone Capital Management lifted its holdings in Six Flags Entertainment by 0.7% in the 2nd quarter. Weatherstone Capital Management now owns 6,299 shares of the company’s stock worth $365,000 after buying an additional 41 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Six Flags Entertainment by 2.9% in the 2nd quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock worth $114,000 after buying an additional 56 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in Six Flags Entertainment by 0.4% in the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after buying an additional 59 shares during the period. Institutional investors own 99.90% of the company’s stock.

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Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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