Six Flags Entertainment (NYSE:SIX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, January 19th. The firm presently has a $75.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.23% from the company’s previous close.
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. “
Several other research analysts also recently commented on the stock. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. Wedbush set a $76.00 price target on shares of Six Flags Entertainment and gave the company a “buy” rating in a report on Monday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price target on shares of Six Flags Entertainment in a report on Thursday, October 12th. Finally, SunTrust Banks reissued a “buy” rating and issued a $70.00 price objective on shares of Six Flags Entertainment in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $68.10.
Six Flags Entertainment (NYSE:SIX) traded up $2.02 on Friday, hitting $67.43. 1,196,145 shares of the company’s stock traded hands, compared to its average volume of 795,850. Six Flags Entertainment has a twelve month low of $51.25 and a twelve month high of $69.99. The company has a market cap of $5,511.43, a P/E ratio of 32.26, a PEG ratio of 3.51 and a beta of 1.15. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71.
In related news, CEO James Reid-Anderson sold 25,456 shares of Six Flags Entertainment stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $66.31, for a total transaction of $1,687,987.36. Following the transaction, the chief executive officer now directly owns 3,520,146 shares of the company’s stock, valued at $233,420,881.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 240,131 shares of company stock worth $16,038,385. 6.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SIX. Assetmark Inc. boosted its stake in Six Flags Entertainment by 251.0% in the fourth quarter. Assetmark Inc. now owns 1,548 shares of the company’s stock valued at $103,000 after acquiring an additional 1,107 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Six Flags Entertainment by 1,477.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock worth $142,000 after buying an additional 1,995 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Six Flags Entertainment during the fourth quarter worth $151,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Six Flags Entertainment by 171.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,900 shares of the company’s stock worth $193,000 after buying an additional 1,830 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $205,000. Institutional investors own 98.79% of the company’s stock.
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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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