StockNews.com Initiates Coverage on Six Flags Entertainment (NYSE:SIX)

StockNews.com started coverage on shares of Six Flags Entertainment (NYSE:SIX - Free Report) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

SIX has been the subject of a number of other research reports. B. Riley raised shares of Six Flags Entertainment from a neutral rating to a buy rating and raised their price target for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Citigroup lifted their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a buy rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Six Flags Entertainment presently has an average rating of Hold and an average price target of $28.00.

Six Flags Entertainment Trading Down 1.1 %

NYSE:SIX traded down $0.30 during trading hours on Wednesday, hitting $26.42. 1,320,020 shares of the stock traded hands, compared to its average volume of 905,177. The firm has a 50 day moving average price of $25.14 and a 200 day moving average price of $24.71. Six Flags Entertainment has a fifty-two week low of $18.29 and a fifty-two week high of $28.99. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 82.56 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX - Get Free Report) last posted 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 company had revenue of $292.55 million during the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. Research analysts predict that Six Flags Entertainment will post 1.58 EPS for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently added to or reduced their stakes in SIX. National Bank of Canada FI boosted its holdings in shares of Six Flags Entertainment by 527.2% in the 4th 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 in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Six Flags Entertainment during the 3rd quarter valued at about $48,000. Neo Ivy Capital Management purchased a new stake in Six Flags Entertainment during the 4th quarter valued at about $98,000. Quest Partners LLC purchased a new stake in Six Flags Entertainment during the 4th quarter valued at about $135,000. Finally, Contravisory Investment Management Inc. purchased a new stake in Six Flags Entertainment during the 1st quarter valued at about $145,000. 98.04% of the stock is currently 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.