Shares of Six Flags Entertainment Corp (NYSE:SIX) have received an average rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $59.78.
Several research analysts have recently weighed in on SIX shares. Oppenheimer decreased their price target on shares of Six Flags Entertainment from $80.00 to $68.00 in a report on Thursday, January 17th. B. Riley reissued a “buy” rating and issued a $57.00 target price (down previously from $72.00) on shares of Six Flags Entertainment in a research note on Thursday, March 28th. TheStreet cut Six Flags Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating and set a $62.00 target price on the stock in a research note on Saturday, February 16th.
In related news, CFO Marshall Barber sold 1,275 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $56.48, for a total value of $72,012.00. Following the transaction, the chief financial officer now owns 82,722 shares of the company’s stock, valued at $4,672,138.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Usman Nabi acquired 5,000 shares of Six Flags Entertainment stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $50.77 per share, for a total transaction of $253,850.00. Following the completion of the purchase, the director now directly owns 7,520 shares of the company’s stock, valued at approximately $381,790.40. The disclosure for this purchase can be found here. 5.90% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in SIX. Synovus Financial Corp bought a new position in shares of Six Flags Entertainment during the first quarter valued at about $25,000. Ffcm LLC grew its stake in shares of Six Flags Entertainment by 50.0% during the fourth quarter. Ffcm LLC now owns 492 shares of the company’s stock valued at $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 during the fourth quarter valued at about $28,000. Oregon Public Employees Retirement Fund grew its stake in shares of Six Flags Entertainment by 5,463.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,564,983 shares of the company’s stock valued at $28,000 after buying an additional 1,536,851 shares during the last quarter. Finally, Next Capital Management LLC bought a new position in shares of Six Flags Entertainment during the first quarter valued at about $34,000. 89.72% of the stock is currently owned by hedge funds and other institutional investors.
Six Flags Entertainment stock opened at $54.05 on Thursday. The firm has a market capitalization of $4.52 billion, a PE ratio of 16.73, a PEG ratio of 3.68 and a beta of 1.15. Six Flags Entertainment has a fifty-two week low of $46.68 and a fifty-two week high of $73.38.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.82) earnings per share for the quarter, topping the consensus estimate of ($0.86) by $0.04. The firm had revenue of $128.19 million for the quarter, compared to analysts’ expectations of $123.63 million. Six Flags Entertainment had a net margin of 18.40% and a negative return on equity of 41.58%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.74) earnings per share. On average, research analysts expect that Six Flags Entertainment will post 2.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 30th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.28 dividend on an annualized basis and a yield of 6.07%. Six Flags Entertainment’s dividend payout ratio is presently 101.55%.
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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