Six Flags Entertainment (NYSE:SIX) Hits New 12-Month High at $29.48

Six Flags Entertainment Co. (NYSE:SIXGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.48 and last traded at $29.42, with a volume of 541371 shares trading hands. The stock had previously closed at $28.91.

Wall Street Analysts Forecast Growth

SIX has been the subject of several research analyst reports. B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. StockNews.com initiated coverage on Six Flags Entertainment in a research report on Sunday. They set a “hold” rating for the company. Citigroup boosted their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.42.

Get Our Latest Report on Six Flags Entertainment

Six Flags Entertainment Price Performance

The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 90.34 and a beta of 2.25. The business has a 50 day simple moving average of $25.48 and a 200-day simple moving average of $25.21.

Six Flags Entertainment (NYSE:SIXGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, hitting the consensus estimate of ($0.91). The company had revenue of $133.29 million during the quarter, compared to analysts’ expectations of $135.23 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. As a group, equities analysts predict that Six Flags Entertainment Co. will post 1.53 earnings per share for the current year.

Insider Transactions at Six Flags Entertainment

In other news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,805 shares of the company’s stock, valued at $338,564.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI raised its stake in Six Flags Entertainment by 527.2% in the fourth quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Six Flags Entertainment in the third quarter valued at approximately $48,000. Neo Ivy Capital Management bought a new stake in Six Flags Entertainment in the fourth quarter valued at approximately $98,000. Quest Partners LLC bought a new stake in Six Flags Entertainment in the fourth quarter valued at approximately $135,000. Finally, Contravisory Investment Management Inc. bought a new stake in Six Flags Entertainment in the first quarter valued at approximately $145,000. 98.04% of the stock is owned by institutional investors and hedge funds.

About Six Flags Entertainment

(Get Free Report)

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 sells food, beverages, merchandise, and other products and services within its parks.

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