Six Flags Entertainment (NYSE:SIX) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Six Flags Entertainment (NYSE:SIX - Get Free Report) in a research note issued to investors on Thursday. The brokerage set a "hold" rating on the stock.

SIX has been the topic of a number of other research reports. Citigroup upped 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 note on Friday, March 1st. B. Riley upgraded shares of Six Flags Entertainment from a "neutral" rating to a "buy" rating and increased their price target for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Six Flags Entertainment from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Six Flags Entertainment Price Performance

NYSE SIX traded down $0.42 during trading hours on Thursday, reaching $25.99. 962,234 shares of the company's stock traded hands, compared to its average volume of 898,496. The firm has a market cap of $2.19 billion, a PE ratio of 81.22 and a beta of 2.20. Six Flags Entertainment has a 52-week low of $18.29 and a 52-week high of $28.99. The firm has a 50-day simple moving average of $25.16 and a 200 day simple moving average of $24.89.

Six Flags Entertainment (NYSE:SIX - Get Free Report) last posted its quarterly earnings data 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). Six Flags Entertainment had a net margin of 1.84% and a negative return on equity of 6.61%. The company had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. Sell-side analysts forecast that Six Flags Entertainment will post 1.54 EPS for the current fiscal year.

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 transaction, the chief accounting officer now directly owns 12,805 shares in the company, valued at $338,564.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of Six Flags Entertainment by 112.0% in the first quarter. Jane Street Group LLC now owns 2,761,099 shares of the company's stock worth $72,672,000 after acquiring an additional 1,458,984 shares during the period. Cooper Creek Partners Management LLC lifted its stake in Six Flags Entertainment by 73.1% in 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 valued at $68,965,000 after purchasing an additional 1,021,833 shares during the last quarter. Rush Island Management LP grew its position in shares of Six Flags Entertainment by 23.9% during the third quarter. Rush Island Management LP now owns 3,468,122 shares of the company's stock valued at $81,536,000 after purchasing an additional 668,986 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Six Flags Entertainment by 26,744.9% in the third quarter. UBS Group AG now owns 584,413 shares of the company's stock worth $13,740,000 after purchasing an additional 582,236 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

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.