Six Flags Entertainment Co. (NYSE:SIX) Given Average Recommendation of “Hold” by Analysts

Six Flags Entertainment Co. (NYSE:SIX) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.42.

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. Finally, StockNews.com initiated coverage on Six Flags Entertainment in a report on Tuesday. They issued a “hold” rating on the stock.

Insider Activity at Six Flags Entertainment

In related news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the sale, the chief accounting officer now directly owns 12,805 shares of the company’s stock, valued at $338,564.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI raised 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 worth $28,000 after purchasing an additional 949 shares during the period. Neo Ivy Capital Management bought a new position in shares of Six Flags Entertainment during the 4th quarter valued at about $98,000. Quest Partners LLC acquired a new position in shares of Six Flags Entertainment in the 4th quarter valued at approximately $135,000. Contravisory Investment Management Inc. bought a new stake in Six Flags Entertainment during the 1st quarter worth approximately $145,000. Finally, AXQ Capital LP acquired a new stake in Six Flags Entertainment during the 3rd quarter worth approximately $216,000. Institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Stock Performance

SIX stock opened at $32.00 on Wednesday. The firm has a 50 day simple moving average of $27.26 and a 200 day simple moving average of $25.75. Six Flags Entertainment has a 52 week low of $18.29 and a 52 week high of $34.06. The stock has a market cap of $2.70 billion, a P/E ratio of 100.00 and a beta of 2.33.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, meeting analysts’ consensus estimates of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The business had revenue of $133.29 million for the quarter, compared to analyst estimates of $135.23 million. Sell-side analysts predict that Six Flags Entertainment will post 1.53 EPS for the current year.

Six Flags Entertainment Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 28th were given a dividend of $1.53 per share. The ex-dividend date was Thursday, June 27th.

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.