Six Flags Entertainment Co. (NYSE:SIX – Get Rating) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 5,340,000 shares, an increase of 24.2% from the May 15th total of 4,300,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 2.8 days. Approximately 6.3% of the shares of the company are short sold.
Several equities analysts recently commented on SIX shares. Truist Financial cut their target price on shares of Six Flags Entertainment from $46.00 to $32.00 in a research note on Friday, May 13th. Citigroup cut their price objective on shares of Six Flags Entertainment from $51.00 to $41.00 in a research report on Friday, May 13th. Deutsche Bank Aktiengesellschaft decreased their target price on Six Flags Entertainment from $57.00 to $56.00 in a research report on Friday, May 13th. Rosenblatt Securities initiated coverage on Six Flags Entertainment in a research report on Monday, April 25th. They issued a “buy” rating and a $56.00 price objective for the company. Finally, StockNews.com assumed coverage on Six Flags Entertainment in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $49.89.
In other Six Flags Entertainment news, Director Arik W. Ruchim acquired 205,000 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were acquired at an average cost of $29.31 per share, for a total transaction of $6,008,550.00. Following the completion of the purchase, the director now owns 9,130,000 shares of the company’s stock, valued at approximately $267,600,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gary Mick acquired 1,325 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of $23.82 per share, with a total value of $31,561.50. Following the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $714,600. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 553,325 shares of company stock worth $16,049,162. Corporate insiders own 0.41% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in Six Flags Entertainment in the 1st quarter valued at $35,000. Acadian Asset Management LLC acquired a new stake in shares of Six Flags Entertainment in the fourth quarter valued at $39,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Six Flags Entertainment by 58.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company’s stock valued at $51,000 after buying an additional 428 shares during the last quarter. Captrust Financial Advisors grew its holdings in Six Flags Entertainment by 58.9% during the 1st quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after acquiring an additional 466 shares during the last quarter. Finally, Spire Wealth Management increased its position in Six Flags Entertainment by 464.1% in the 4th quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock valued at $54,000 after acquiring an additional 1,035 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.
Shares of NYSE:SIX opened at $20.19 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.03 and a beta of 2.24. The business’s fifty day moving average price is $33.29 and its two-hundred day moving average price is $38.63. Six Flags Entertainment has a fifty-two week low of $19.91 and a fifty-two week high of $47.24.
Six Flags Entertainment (NYSE:SIX – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31. The business had revenue of $138.10 million during the quarter, compared to analysts’ expectations of $122.26 million. Six Flags Entertainment had a net margin of 10.31% and a negative return on equity of 15.34%. The firm’s revenue for the quarter was up 68.4% on a year-over-year basis. During the same quarter last year, the company posted ($1.12) EPS. Equities research analysts forecast that Six Flags Entertainment will post 2.55 earnings per share for the current fiscal year.
About Six Flags Entertainment (Get Rating)
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 also sells food, beverages, merchandise, and other products and services within its parks.
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Source: defenseworld.net
