Six Flags Entertainment Corp (SIX) Coverage Initiated by Analysts at Goldman Sachs Group Inc

Goldman Sachs Group Inc initiated coverage on shares of Six Flags Entertainment Corp (NYSE:SIX) in a research note published on Thursday morning. The firm issued a neutral rating and a $65.00 target price on the stock.

A number of other research analysts have also recently weighed in on SIX. B. Riley assumed coverage on shares of Six Flags Entertainment Corp in a research report on Monday, March 13th. They set a buy rating and a $67.00 price objective on the stock. Zacks Investment Research cut shares of Six Flags Entertainment Corp from a hold rating to a strong sell rating in a research report on Wednesday, December 28th. Wedbush restated an outperform rating and issued a $64.00 price target on shares of Six Flags Entertainment Corp in a report on Sunday, April 2nd. Janney Montgomery Scott restated a buy rating and issued a $67.00 price target (up from $62.00) on shares of Six Flags Entertainment Corp in a report on Thursday, February 23rd. They noted that the move was a valuation call. Finally, TheStreet cut shares of Six Flags Entertainment Corp from a b- rating to a c+ rating in a report on Thursday, March 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $65.00.

Shares of Six Flags Entertainment Corp (NYSE:SIX) traded up 0.67% during midday trading on Thursday, reaching $61.55. 396,648 shares of the company’s stock traded hands. Six Flags Entertainment Corp has a 12 month low of $47.61 and a 12 month high of $62.69. The stock has a 50-day moving average price of $58.80 and a 200 day moving average price of $57.99. The firm has a market cap of $5.62 billion, a PE ratio of 49.24 and a beta of 1.18.

Six Flags Entertainment Corp (NYSE:SIX) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $239 million for the quarter, compared to analysts’ expectations of $230.14 million. Six Flags Entertainment Corp had a net margin of 9.14% and a negative return on equity of 297.44%. Six Flags Entertainment Corp’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. Equities research analysts predict that Six Flags Entertainment Corp will post $1.97 earnings per share for the current year.

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In related news, VP Brett Petit sold 12,698 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $61.95, for a total value of $786,641.10. Following the completion of the transaction, the vice president now directly owns 170,433 shares of the company’s stock, valued at approximately $10,558,324.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of Six Flags Entertainment Corp by 13.1% in the third quarter. BNP Paribas Arbitrage SA now owns 13,413 shares of the company’s stock valued at $719,000 after buying an additional 1,550 shares during the period. Nationwide Fund Advisors increased its position in shares of Six Flags Entertainment Corp by 28.8% in the third quarter. Nationwide Fund Advisors now owns 128,150 shares of the company’s stock valued at $6,870,000 after buying an additional 28,650 shares during the period. Rice Hall James & Associates LLC acquired a new position in shares of Six Flags Entertainment Corp during the third quarter valued at $217,000. Navellier & Associates Inc increased its position in shares of Six Flags Entertainment Corp by 27.6% in the third quarter. Navellier & Associates Inc now owns 27,820 shares of the company’s stock valued at $1,491,000 after buying an additional 6,010 shares during the period. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of Six Flags Entertainment Corp by 2.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 275,049 shares of the company’s stock worth $14,745,000 after buying an additional 6,915 shares during the last quarter. Institutional investors own 83.76% of the company’s stock.

About Six Flags Entertainment Corp

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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