Analysts at Jefferies Financial Group initiated coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research note issued on Monday, The Fly reports. The brokerage set a “hold” rating on the stock.

A number of other analysts have also recently commented on the stock. B. Riley restated a “buy” rating and set a $57.00 price target (down from $72.00) on shares of Six Flags Entertainment in a research note on Thursday, March 28th. Wells Fargo & Co dropped their price target on shares of Six Flags Entertainment from $62.00 to $49.00 and set a “market perform” rating on the stock in a research note on Monday, March 25th. Oppenheimer set a $63.00 price target on shares of Six Flags Entertainment and gave the company a “buy” rating in a research note on Thursday, March 21st. TheStreet cut shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research cut shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus price target of $62.40.

Shares of SIX stock opened at $50.65 on Monday. The company has a market cap of $4.27 billion, a P/E ratio of 15.68 and a beta of 1.13. Six Flags Entertainment has a 12 month low of $46.68 and a 12 month high of $73.38.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, February 14th. The company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.65. The company had revenue of $269.50 million for the quarter, compared to analysts’ expectations of $284.50 million. Six Flags Entertainment had a net margin of 18.86% and a negative return on equity of 43.77%. Six Flags Entertainment’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. As a group, research analysts predict that Six Flags Entertainment will post 2.79 earnings per share for the current fiscal year.

In other news, Director Kurt Matthew Cellar bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $49.46 per share, with a total value of $741,900.00. Following the acquisition, the director now owns 70,116 shares of the company’s stock, valued at approximately $3,467,937.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Usman Nabi bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $50.77 per share, for a total transaction of $253,850.00. Following the acquisition, the director now directly owns 7,520 shares in the company, valued at approximately $381,790.40. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Ffcm LLC increased its holdings in shares of Six Flags Entertainment by 50.0% in the 4th quarter. Ffcm LLC now owns 492 shares of the company’s stock worth $27,000 after buying an additional 164 shares during the last quarter. Mascoma Wealth Management LLC bought a new position in shares of Six Flags Entertainment in the 4th quarter worth $28,000. Westside Investment Management Inc. bought a new position in shares of Six Flags Entertainment in the 4th quarter worth $56,000. Pinnacle Bank bought a new position in shares of Six Flags Entertainment in the 4th quarter worth $58,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Six Flags Entertainment by 20.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,403 shares of the company’s stock worth $134,000 after buying an additional 403 shares during the last quarter. 91.25% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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The Fly

Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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