Wedbush set a $76.00 price objective on Six Flags Entertainment (NYSE:SIX) in a research note released on Monday morning. The firm currently has a buy rating on the stock.
Several other research firms also recently weighed in on SIX. TheStreet upgraded shares of Six Flags Entertainment from a c+ rating to a b- rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Six Flags Entertainment from a sell rating to a hold rating in a research report on Saturday, October 28th. SunTrust Banks reiterated a buy rating and issued a $70.00 price target on shares of Six Flags Entertainment in a research report on Friday, October 27th. FBR & Co reiterated a buy rating and issued a $65.00 price target on shares of Six Flags Entertainment in a research report on Monday, September 25th. Finally, B. Riley reiterated a buy rating on shares of Six Flags Entertainment in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $67.44.
Six Flags Entertainment (NYSE SIX) opened at $65.74 on Monday. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. Six Flags Entertainment has a 52-week low of $51.25 and a 52-week high of $67.93. The firm has a market cap of $5,510.00, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 3.58 and a beta of 1.18.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The business had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. During the same period last year, the firm earned $1.09 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. sell-side analysts predict that Six Flags Entertainment will post 2.13 EPS for the current fiscal year.
In other news, CEO James Reid-Anderson sold 1,000 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $66.25, for a total value of $66,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,461,778 shares of the company’s stock, valued at $229,342,792.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 281,085 shares of company stock valued at $18,702,788. Corporate insiders own 6.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Six Flags Entertainment by 3.8% in the second quarter. Vanguard Group Inc. now owns 6,163,474 shares of the company’s stock worth $367,404,000 after purchasing an additional 226,884 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Six Flags Entertainment by 10.3% in the third quarter. Janus Henderson Group PLC now owns 3,742,195 shares of the company’s stock worth $228,049,000 after purchasing an additional 348,991 shares in the last quarter. BlackRock Inc. increased its stake in shares of Six Flags Entertainment by 6.9% in the second quarter. BlackRock Inc. now owns 3,526,508 shares of the company’s stock worth $210,217,000 after purchasing an additional 228,249 shares in the last quarter. CI Investments Inc. increased its stake in shares of Six Flags Entertainment by 0.4% in the third quarter. CI Investments Inc. now owns 2,629,575 shares of the company’s stock worth $160,246,000 after purchasing an additional 11,400 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Six Flags Entertainment by 39.7% in the third quarter. Bessemer Group Inc. now owns 1,815,344 shares of the company’s stock worth $110,626,000 after purchasing an additional 516,125 shares in the last quarter. 99.45% of the stock is owned by hedge funds and other institutional investors.
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About Six Flags Entertainment
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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