Six Flags Entertainment (SIX) Stock Rating Upgraded by ValuEngine

Six Flags Entertainment (NYSE:SIX) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts have also issued research reports about the stock. B. Riley lowered their price target on shares of Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating for the company in a report on Thursday. Zacks Investment Research upgraded shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Saturday, July 28th. SunTrust Banks lowered their price target on shares of Six Flags Entertainment to $65.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Oppenheimer set a $80.00 price target on shares of Six Flags Entertainment and gave the stock a “buy” rating in a report on Wednesday, October 24th. Finally, Wedbush set a $55.00 price target on shares of Six Flags Entertainment and gave the stock a “hold” rating in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.63.

NYSE:SIX traded up $2.12 during mid-day trading on Thursday, hitting $55.98. 2,180,445 shares of the company’s stock were exchanged, compared to its average volume of 1,096,958. Six Flags Entertainment has a fifty-two week low of $51.91 and a fifty-two week high of $73.38. The company has a market cap of $4.52 billion, a PE ratio of 26.28 and a beta of 1.00.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Tuesday, October 23rd. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%. The firm had revenue of $619.82 million for the quarter, compared to the consensus estimate of $633.03 million. On average, equities analysts predict that Six Flags Entertainment will post 2.64 earnings per share for the current fiscal year.

In other Six Flags Entertainment news, CFO Marshall Barber sold 449 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $65.21, for a total transaction of $29,279.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Catherine Aslin sold 2,425 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $66.85, for a total transaction of $162,111.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,934 shares of company stock valued at $195,337. Company insiders own 6.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Six Flags Entertainment by 3.1% in the 2nd quarter. BlackRock Inc. now owns 6,675,084 shares of the company’s stock valued at $467,588,000 after acquiring an additional 201,773 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Six Flags Entertainment by 0.7% in the 2nd quarter. Janus Henderson Group PLC now owns 3,419,761 shares of the company’s stock valued at $239,554,000 after acquiring an additional 25,405 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Six Flags Entertainment by 1.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,685,496 shares of the company’s stock valued at $187,501,000 after acquiring an additional 49,490 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Six Flags Entertainment by 1.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,789,491 shares of the company’s stock valued at $125,355,000 after acquiring an additional 22,039 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Six Flags Entertainment by 19.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,732,895 shares of the company’s stock valued at $121,389,000 after acquiring an additional 282,064 shares in the last quarter. Institutional investors own 94.58% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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