Six Flags Entertainment (NYSE:SIX – Free Report) had its price target trimmed by Morgan Stanley from $28.00 to $26.00 in a research report report published on Friday, MarketBeat reports. The firm currently has an equal weight rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Citigroup dropped their price target on shares of Six Flags Entertainment from $26.00 to $24.00 and set a neutral rating for the company in a research note on Friday. Oppenheimer boosted their price target on shares of Six Flags Entertainment from $30.00 to $35.00 in a research note on Wednesday, June 7th. KeyCorp dropped their price target on shares of Six Flags Entertainment from $35.00 to $31.00 and set an overweight rating for the company in a research note on Friday. B. Riley reissued a neutral rating and set a $28.00 price target on shares of Six Flags Entertainment in a research note on Friday, July 21st. Finally, Truist Financial dropped their price target on shares of Six Flags Entertainment from $25.00 to $22.00 and set a hold rating for the company in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment currently has a consensus rating of Hold and an average target price of $30.00.
View Our Latest Analysis on SIX
Six Flags Entertainment Trading Up 2.6 %
Six Flags Entertainment (NYSE:SIX – Get Free Report) last announced its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.53). Six Flags Entertainment had a negative return on equity of 9.50% and a net margin of 5.83%. The company had revenue of $443.71 million for the quarter, compared to analyst estimates of $465.25 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. Six Flags Entertainment’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Six Flags Entertainment will post 2 earnings per share for the current fiscal year.
Insider Transactions at Six Flags Entertainment
In related news, CFO Gary Mick acquired 5,812 shares of the stock in a transaction dated Friday, June 9th. The stock was bought at an average price of $26.98 per share, with a total value of $156,807.76. Following the completion of the transaction, the chief financial officer now directly owns 89,737 shares of the company’s stock, valued at $2,421,104.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Six Flags Entertainment by 16.1% during the second quarter. BlackRock Inc. now owns 11,623,211 shares of the company’s stock worth $301,971,000 after purchasing an additional 1,613,144 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Six Flags Entertainment by 6.3% during the first quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock worth $354,841,000 after purchasing an additional 483,965 shares during the last quarter. Wellington Management Group LLP lifted its stake in Six Flags Entertainment by 12.6% in the first quarter. Wellington Management Group LLP now owns 3,244,963 shares of the company’s stock valued at $141,156,000 after acquiring an additional 362,407 shares during the last quarter. Land & Buildings Investment Management LLC grew its position in shares of Six Flags Entertainment by 189.5% in the 4th quarter. Land & Buildings Investment Management LLC now owns 2,601,473 shares of the company’s stock valued at $60,484,000 after acquiring an additional 1,702,783 shares during the period. Finally, State Street Corp increased its stake in shares of Six Flags Entertainment by 0.5% during the 1st quarter. State Street Corp now owns 2,305,714 shares of the company’s stock worth $61,586,000 after purchasing an additional 11,653 shares during the last quarter. Institutional investors and hedge funds own 99.00% 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 also sells food, beverages, merchandise, and other products and services within its parks.
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