Six Flags (SIX) Raised to “Hold” at ValuEngine

Six Flags (NYSE:SIX) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Six Flags from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, January 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags in a research report on Wednesday, February 21st. B. Riley lifted their target price on Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Finally, Oppenheimer set a $80.00 target price on Six Flags and gave the company a “buy” rating in a research report on Tuesday, April 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $69.55.

Six Flags stock opened at $63.32 on Wednesday. Six Flags has a 12-month low of $62.77 and a 12-month high of $63.70. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of -2.90. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 29.73 and a beta of 1.13.

Six Flags (NYSE:SIX) last released its earnings results on Tuesday, April 24th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.05. Six Flags had a negative return on equity of 31.58% and a net margin of 19.38%. The firm had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $118.75 million. During the same quarter in the previous year, the business posted ($0.63) earnings per share. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. equities analysts anticipate that Six Flags will post 2.85 earnings per share for the current fiscal year.

In other news, CFO Marshall Barber sold 597 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the sale, the chief financial officer now directly owns 80,536 shares in the company, valued at $5,361,281.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance C. Balk sold 100,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total value of $6,567,000.00. Following the sale, the vice president now owns 15,738 shares in the company, valued at $1,033,514.46. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SIX. Assetmark Inc. boosted its holdings in Six Flags 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 during the last quarter. Ostrum Asset Management bought a new stake in Six Flags in the first quarter valued at approximately $110,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Six Flags by 1,477.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock valued at $142,000 after acquiring an additional 1,995 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in Six Flags in the fourth quarter valued at approximately $151,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Six Flags by 61.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,438 shares of the company’s stock valued at $152,000 after acquiring an additional 927 shares during the last quarter. Institutional investors own 98.13% of the company’s stock.

About Six Flags

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Six Flags (NYSE:SIX)

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