Six Flags Entertainment Co. (NYSE:SIX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Six Flags Entertainment Co. (NYSE:SIX) have been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $28.31.

A number of brokerages have recently commented on SIX. B. Riley raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $31.00 in a report on Thursday. StockNews.com began coverage on shares of Six Flags Entertainment in a report on Saturday, April 13th. They issued a “hold” rating for the company. Citigroup upped their target price on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Truist Financial upped their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SIX. Clear Street Markets LLC purchased a new position in Six Flags Entertainment in the fourth quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in Six Flags Entertainment in the third quarter valued at about $27,000. National Bank of Canada FI increased its holdings in Six Flags Entertainment by 527.2% in the fourth quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after buying an additional 949 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Six Flags Entertainment by 64.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock valued at $33,000 after buying an additional 559 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Six Flags Entertainment by 34.0% in the second quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock valued at $37,000 after buying an additional 428 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Price Performance

NYSE SIX opened at $23.58 on Friday. Six Flags Entertainment has a 1 year low of $18.29 and a 1 year high of $28.99. The company has a market capitalization of $1.98 billion, a PE ratio of 51.26 and a beta of 2.20. The company has a fifty day moving average of $25.26 and a two-hundred day moving average of $24.17.

Six Flags Entertainment (NYSE:SIX) last announced its 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). Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. The business had revenue of $292.55 million during the quarter, compared to analysts’ expectations of $298.42 million. On average, research analysts expect that Six Flags Entertainment will post 1.79 earnings per share for the current year.

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.