Six Flags Entertainment Co. (NYSE:SIX) Short Interest Up 24.2% in May

Six Flags Entertainment Co. (NYSE:SIXGet Rating) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 5,340,000 shares, an increase of 24.2% from the May 15th total of 4,300,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 2.8 days. Currently, 6.3% of the shares of the stock are sold short.

SIX opened at $21.98 on Friday. Six Flags Entertainment has a one year low of $19.91 and a one year high of $47.24. The stock has a market capitalization of $1.90 billion, a PE ratio of 12.01 and a beta of 2.24. The business’s 50 day moving average price is $32.58 and its 200 day moving average price is $38.42.

Six Flags Entertainment (NYSE:SIXGet Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.31. Six Flags Entertainment had a negative return on equity of 15.34% and a net margin of 10.31%. The firm had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $122.26 million. During the same period in the prior year, the firm posted ($1.12) earnings per share. The firm’s quarterly revenue was up 68.4% on a year-over-year basis. As a group, equities analysts predict that Six Flags Entertainment will post 2.55 earnings per share for the current year.

Several equities research analysts have commented on SIX shares. Truist Financial cut their price objective on Six Flags Entertainment from $46.00 to $32.00 in a research note on Friday, May 13th. Citigroup lowered their target price on Six Flags Entertainment from $51.00 to $41.00 in a report on Friday, May 13th. Deutsche Bank Aktiengesellschaft lowered their target price on Six Flags Entertainment from $57.00 to $56.00 in a report on Friday, May 13th. B. Riley lowered their target price on Six Flags Entertainment from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, April 21st. Finally, StockNews.com started coverage on Six Flags Entertainment in a report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Six Flags Entertainment has an average rating of “Buy” and a consensus target price of $49.89.

In other news, Director Arik W. Ruchim acquired 205,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was bought at an average cost of $29.31 per share, for a total transaction of $6,008,550.00. Following the purchase, the director now owns 9,130,000 shares in the company, valued at $267,600,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gary Mick acquired 1,000 shares of the business’s stock in a transaction on Friday, June 10th. The shares were purchased at an average price of $27.01 per share, with a total value of $27,010.00. Following the completion of the purchase, the chief financial officer now owns 26,675 shares in the company, valued at approximately $720,491.75. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 553,325 shares of company stock valued at $16,049,162. 0.41% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Six Flags Entertainment in the first quarter valued at approximately $35,000. Acadian Asset Management LLC acquired a new position in Six Flags Entertainment during the fourth quarter worth $39,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Six Flags Entertainment by 58.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company’s stock worth $51,000 after purchasing an additional 428 shares in the last quarter. Spire Wealth Management lifted its stake in Six Flags Entertainment by 464.1% during the fourth quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock worth $54,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Six Flags Entertainment by 58.9% during the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after purchasing an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

About Six Flags Entertainment (Get Rating)

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 also sells food, beverages, merchandise, and other products and services within its parks.

See Also

Receive News & Ratings for Six Flags Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.