Six Flags Entertainment (NYSE:SIX) Stock Rating Upgraded by ValuEngine

Six Flags Entertainment (NYSE:SIX) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

A number of other research analysts have also recently commented on the company. Berenberg Bank cut Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. B. Riley upped their price target on Six Flags Entertainment from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. KeyCorp restated a “buy” rating and set a $57.00 price target (down from $62.00) on shares of Six Flags Entertainment in a research note on Friday, October 25th. They noted that the move was a valuation call. Finally, SunTrust Banks decreased their price target on Six Flags Entertainment to $54.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $60.33.

NYSE:SIX opened at $42.69 on Tuesday. The stock’s fifty day moving average is $45.38 and its two-hundred day moving average is $51.07. Six Flags Entertainment has a 52 week low of $40.72 and a 52 week high of $64.28. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 2.49 and a beta of 0.93.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.19). Six Flags Entertainment had a negative return on equity of 38.61% and a net margin of 18.02%. The firm had revenue of $621.18 million for the quarter, compared to analyst estimates of $643.90 million. During the same quarter last year, the company earned $2.16 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts predict that Six Flags Entertainment will post 2.65 earnings per share for the current fiscal year.

In related news, CEO Mike Spanos acquired 10,950 shares of Six Flags Entertainment stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $45.73 per share, for a total transaction of $500,743.50. Following the completion of the purchase, the chief executive officer now owns 10,950 shares in the company, valued at $500,743.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jon L. Luther acquired 2,175 shares of Six Flags Entertainment stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $45.88 per share, for a total transaction of $99,789.00. Following the completion of the purchase, the director now owns 63,417 shares of the company’s stock, valued at approximately $2,909,571.96. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 18,787 shares of company stock worth $850,397. Insiders own 5.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JS Capital Management LLC acquired a new stake in shares of Six Flags Entertainment in the third quarter valued at $323,000. Man Group plc raised its stake in shares of Six Flags Entertainment by 190.5% in the third quarter. Man Group plc now owns 113,052 shares of the company’s stock valued at $5,742,000 after acquiring an additional 74,130 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Six Flags Entertainment in the third quarter valued at $8,816,000. Public Employees Retirement System of Ohio increased its holdings in Six Flags Entertainment by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 24,252 shares of the company’s stock valued at $1,232,000 after buying an additional 463 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Six Flags Entertainment by 648.7% in the third quarter. Point72 Asset Management L.P. now owns 52,849 shares of the company’s stock valued at $2,684,000 after buying an additional 45,790 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Six Flags Entertainment Company Profile

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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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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