Six Flags Entertainment (NYSE:SIX) Downgraded by Deutsche Bank Aktiengesellschaft

Six Flags Entertainment (NYSE:SIX - Get Free Report) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report issued on Wednesday, MarketBeat reports. They currently have a $27.00 target price on the stock, down from their prior target price of $29.00. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 2.20% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. B. Riley raised shares of Six Flags Entertainment from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Citigroup boosted their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Finally, StockNews.com began coverage on shares of Six Flags Entertainment in a research report on Wednesday. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment presently has an average rating of "Hold" and a consensus target price of $28.00.

Six Flags Entertainment Price Performance

Shares of NYSE SIX traded down $0.30 during midday trading on Wednesday, reaching $26.42. 1,320,020 shares of the stock were exchanged, compared to its average volume of 905,177. The business has a 50-day simple moving average of $25.14 and a two-hundred day simple moving average of $24.70. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 82.56 and a beta of 2.20. Six Flags Entertainment has a 12 month low of $18.29 and a 12 month high of $28.99.

Six Flags Entertainment (NYSE:SIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.18). The firm had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. Equities research analysts expect that Six Flags Entertainment will post 1.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC increased its stake in shares of Six Flags Entertainment by 73.1% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company's stock worth $77,280,000 after purchasing an additional 1,387,734 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Six Flags Entertainment by 59.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,749,798 shares of the company's stock worth $68,965,000 after purchasing an additional 1,021,833 shares during the last quarter. Rush Island Management LP increased its stake in shares of Six Flags Entertainment by 23.9% during the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company's stock worth $81,536,000 after purchasing an additional 668,986 shares during the last quarter. UBS Group AG grew its stake in Six Flags Entertainment by 26,744.9% in the 3rd quarter. UBS Group AG now owns 584,413 shares of the company's stock valued at $13,740,000 after buying an additional 582,236 shares during the last quarter. Finally, Hawk Ridge Capital Management LP grew its stake in Six Flags Entertainment by 81.3% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 1,193,868 shares of the company's stock valued at $28,068,000 after buying an additional 535,486 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Six Flags Entertainment Company Profile

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.