Six Flags Entertainment (NYSE:SIX – Get Free Report) had its price objective cut by stock analysts at Truist Financial from $25.00 to $22.00 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential downside of 3.68% from the stock’s previous close.
A number of other research firms also recently issued reports on SIX. Morgan Stanley started coverage on Six Flags Entertainment in a research report on Thursday, April 20th. They set an “equal weight” rating and a $29.00 price target on the stock. Oppenheimer increased their price target on Six Flags Entertainment from $30.00 to $35.00 in a research report on Wednesday, June 7th. The Goldman Sachs Group started coverage on Six Flags Entertainment in a research report on Wednesday, May 31st. They set a “sell” rating and a $26.00 price target on the stock. Citigroup increased their price target on Six Flags Entertainment from $26.00 to $29.00 in a research report on Tuesday, May 9th. Finally, KeyCorp started coverage on Six Flags Entertainment in a research report on Thursday, May 25th. They set an “overweight” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $31.62.
Six Flags Entertainment Stock Down 3.1 %
Shares of Six Flags Entertainment stock opened at $22.84 on Friday. The stock’s fifty day moving average is $26.12 and its two-hundred day moving average is $26.17. The company has a market capitalization of $1.90 billion, a PE ratio of 18.42 and a beta of 2.15. Six Flags Entertainment has a 52 week low of $16.83 and a 52 week high of $31.29.
Insider Buying and Selling at Six Flags Entertainment
In other Six Flags Entertainment news, CFO Gary Mick purchased 5,812 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was bought at an average cost of $26.98 per share, for a total transaction of $156,807.76. Following the completion of the purchase, the chief financial officer now owns 89,737 shares in the company, valued at approximately $2,421,104.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders acquired 11,812 shares of company stock worth $314,908. 0.49% of the stock is owned by insiders.
Institutional Investors Weigh In On Six Flags Entertainment
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Six Flags Entertainment by 45.7% in the third quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock worth $175,559,000 after purchasing an additional 3,108,978 shares during the last quarter. Land & Buildings Investment Management LLC raised its stake in shares of Six Flags Entertainment by 189.5% in the fourth quarter. Land & Buildings Investment Management LLC now owns 2,601,473 shares of the company’s stock worth $60,484,000 after purchasing an additional 1,702,783 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Six Flags Entertainment by 242.2% in the first quarter. Clearbridge Investments LLC now owns 2,297,340 shares of the company’s stock worth $99,934,000 after purchasing an additional 1,625,966 shares during the last quarter. Simcoe Capital Management LLC purchased a new position in shares of Six Flags Entertainment in the first quarter worth about $41,748,000. Finally, Norges Bank purchased a new position in shares of Six Flags Entertainment in the fourth quarter worth about $15,475,000. 99.00% of the stock is currently owned by hedge funds and other institutional investors.
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 also sells food, beverages, merchandise, and other products and services within its parks.
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