Six Flags Entertainment Co. (NYSE:SIX – Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders bought 3,536 call options on the stock. This is an increase of 224% compared to the average volume of 1,091 call options.
Analyst Upgrades and Downgrades
SIX has been the topic of a number of recent analyst reports. KeyCorp decreased their price target on Six Flags Entertainment from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Friday, August 11th. Truist Financial decreased their target price on Six Flags Entertainment from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday. Stifel Nicolaus decreased their target price on Six Flags Entertainment from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. StockNews.com initiated coverage on Six Flags Entertainment in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, B. Riley reduced their price target on Six Flags Entertainment from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, October 18th. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.64.
Read Our Latest Research Report on Six Flags Entertainment
Six Flags Entertainment Stock Up 3.7 %
Six Flags Entertainment (NYSE:SIX – Get Free Report) last released its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.53). The business had revenue of $443.71 million for the quarter, compared to analysts’ expectations of $465.25 million. Six Flags Entertainment had a negative return on equity of 9.50% and a net margin of 5.83%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. On average, equities analysts anticipate that Six Flags Entertainment will post 1.23 earnings per share for the current fiscal year.
Insider Activity
In other Six Flags Entertainment news, insider Aimee Williams-Ramey sold 11,630 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $24.45, for a total value of $284,353.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Six Flags Entertainment in the 3rd quarter worth $27,000. National Bank of Canada FI lifted its position in Six Flags Entertainment by 166.4% during the 1st quarter. National Bank of Canada FI now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 699 shares during the period. Rockefeller Capital Management L.P. lifted its position in Six Flags Entertainment by 64.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock worth $33,000 after acquiring an additional 559 shares during the period. Captrust Financial Advisors lifted its position in Six Flags Entertainment by 34.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock worth $37,000 after acquiring an additional 428 shares during the period. Finally, Spire Wealth Management acquired a new stake in Six Flags Entertainment during the 1st quarter worth about $43,000. 99.03% of the stock is currently owned by hedge funds and other 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 also sells food, beverages, merchandise, and other products and services within its parks.
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