Six Flags (NYSE:SIX) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
A number of other research analysts also recently issued reports on SIX. Oppenheimer set a $80.00 price target on Six Flags and gave the company a “buy” rating in a report on Tuesday, April 24th. Macquarie lifted their price target on Six Flags from $56.00 to $58.00 and gave the company an “underperform” rating in a report on Thursday, April 26th. Stifel Nicolaus lifted their price target on Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded Six Flags from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Wednesday, April 25th. Finally, B. Riley lifted their price target on Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.55.
Six Flags opened at $64.26 on Wednesday, according to MarketBeat. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 30.17 and a beta of 1.13. Six Flags has a 52 week low of $63.65 and a 52 week high of $64.46. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of -2.90.
Six Flags (NYSE:SIX) last released its quarterly earnings data on Tuesday, April 24th. The company reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.05. Six Flags had a negative return on equity of 31.58% and a net margin of 19.38%. The company had revenue of $128.96 million for the quarter, compared to the consensus estimate of $118.75 million. During the same period last year, the business posted ($0.63) EPS. Six Flags’s quarterly revenue was up 29.6% on a year-over-year basis. equities research analysts forecast that Six Flags will post 2.85 EPS for the current fiscal year.
In related news, CFO Marshall Barber sold 597 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the transaction, the chief financial officer now directly owns 80,536 shares in the company, valued at approximately $5,361,281.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Lance C. Balk sold 100,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total value of $6,567,000.00. Following the transaction, the vice president now owns 15,738 shares in the company, valued at $1,033,514.46. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new position in Six Flags during the 4th quarter worth $3,282,000. Teachers Advisors LLC grew its stake in Six Flags by 1.2% during the 4th quarter. Teachers Advisors LLC now owns 75,132 shares of the company’s stock worth $5,002,000 after buying an additional 874 shares during the last quarter. Millennium Management LLC purchased a new position in Six Flags during the 4th quarter worth $20,136,000. BB&T Securities LLC grew its stake in Six Flags by 2.7% during the 4th quarter. BB&T Securities LLC now owns 40,300 shares of the company’s stock worth $2,682,000 after buying an additional 1,041 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Six Flags during the 4th quarter worth $10,293,000. Hedge funds and other institutional investors own 98.13% of the company’s stock.
Six Flags Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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