The price objective for Six Flags Entertainment Co. (NYSE: SIX) that Stifel Nicolaus set has been decreased from $30.00 to $27.00, and the adjustment took place before trading began on Friday. As a result, the price of one share of stock was $20.88 when the trading day began, and it closed at $21.73. Recently, a transaction involving 56,160 shares of Six Flags Entertainment stock took place for $22.38, and a total of shares were traded during that exchange.
The stock these equity analysts have been following has also been the subject of research reports published by other equity analysts. In a research report that was made available to the public on Wednesday, October 5, Truist Financial downgraded their “hold” rating on shares of Six Flags Entertainment from “buy” to “hold” and lowered their price objective on the stock from $20.00 to $18.00. In a research note published on Tuesday, Jefferies Financial Group recommended that investors “hold” their position in Six Flags Entertainment rather than “buy” its stock and lowered its price target from $32 to $24. Additionally, the firm downgraded its rating for the company from “buy” to “hold.” Additionally, the rating that Jefferies Financial Group has given the company has been lowered from “buy” to “hold.” In a research note published on September 1, Credit Suisse Group reported that they have decreased their “outperform” rating on shares of Six Flags Entertainment from $44.00 to $40.00 and have also decreased their price target on those shares from $44.00 to $40.00. As of the trading day on Friday, August 12, Rosenblatt Securities lowered their price objective on shares of Six Flags Entertainment from $56.00 to $28.00 while maintaining their “buy” rating on the company. The company’s rating was previously unchanged. William Blair’s recommendation for the stock of Six Flags Entertainment was changed from “outperform” to “market perform” in a research report published on Friday. Six analysts have suggested that investors purchase the stock, while seven others have suggested that investors maintain their current position. The current recommendation for Six Flags Entertainment stock is to “Hold” the stock, and the price target has been set at $29.73 per share, as reported by Bloomberg.
On Friday, August 19, a significant investment named Rehan Jaffer bought 250,000 shares of Six Flags Entertainment stock. The stock’s overall cost was $5,935,000.00, an average price of $23.74 per share purchased. The insider now directly owns 10,250,000 shares of the company, which have a value of $243,335,000 as a direct result of the transaction. If you follow this link, you will be brought to the document submitted to the Securities and Exchange Commission regarding the acquisition. In related news, on September 14, investor Arik W. Ruchim purchased an additional 50,000 shares of Six Flags Entertainment. This information is relevant to the topic at hand. The total investment required to purchase the shares was $1,102,500.00, which equals $22.05 for each share bought. Because of the transaction, the director now owns 10,700,000 shares of the company. Based on the current market price, these shares have a value of approximately $235,935,000. If you follow this link, you will be brought to the document submitted to the Securities and Exchange Commission regarding the acquisition. On Friday, August 19, an additional significant stakeholder named Rehan Jaffer purchased 250,000 shares of Six Flags Entertainment stock. The stock’s overall cost was $5,935,000.00, an average price of $23.74 per share purchased. As a result of the transaction, the corporate insider now owns 10,250,000 shares of the company’s stock, which are worth $243,335,000. You should look in this location if you are looking for the disclosure that pertains to this transaction. Insiders of a company have acquired a total of 954,175 shares of stock over the most recent three months at $22,407,899. Insiders own the total number of shares of stock in the company to the tune of 0.41%.
Institutional investors and hedge funds have been active participants in recent transactions involving the stock, buying and selling shares back and forth. Commonwealth Equity Services LLC increased its ownership of Six Flags Entertainment by 5.1% during the first three months of the year by purchasing additional stock. In the most recent fiscal period, Commonwealth Equity Services LLC made an additional purchase of 1,953 shares of the company. This brings the total number of shares that the company owns in the enterprise up to 40,141, with a value of $1,746,000. During the first three months of the year, HighTower Advisors LLC increased its holdings in Six Flags Entertainment stock by 2.6%. HighTower Advisors LLC now has 96,371 shares after purchasing an additional 2,463 in the most recent quarter. The value of HighTower Advisors LLC’s holdings in the company is approximately $4,190,000. Through the first three months of 2018, SG Americas Securities LLC was able to amass an additional 19.6% of the total number of Six Flags Entertainment Company stock shares. Following the acquisition of an additional 8,102 shares during the preceding quarter, SG Americas Securities LLC now holds 49,356 shares. Based on the company’s most recent closing price, the value of these shares is approximately $217,000. In the first three months of this year, Sumitomo Mitsui Trust Holdings Inc. spent approximately $636,000 to acquire a new shareholding in Six Flags Entertainment.
Last but not least, during the period covered by this report, Belpointe Asset Management LLC saw a rise of 66.4% in the value of its holdings in Six Flags Entertainment. Following the acquisition of a further 4,030 shares during the most recent fiscal quarter, Belpointe Asset Management LLC now holds 10,099 shares of the company’s stock, collectively valued at a sum equal to $219,000. Ninety-two point zero percent of the total value of the stock is owned by hedge funds and other institutional investors.
The company’s stock is currently trading at a moving average of fifty days at $20.70, and its stock is trading at a moving average of two hundred days at $24.28. The company currently has a PE ratio of 14.02, a market capitalization of $1.88 billion, and a beta value of 2.20.
The most recent quarterly results report for Six Flags Entertainment (NYSE: SIX) was made public on Thursday, August 11, a day in August. The company reported earnings per share for the quarter of $0.69, which was $0.29 less than the $0.98 that analysts had anticipated earning per share for the quarter. Six Flags Entertainment had a negative return on equity of 14.53 percent, while the company’s net margin was 8.83 percent. The analysts’ range of estimates for the revenue the company would generate during the quarter is from $518.50 million to $435.40 million. The analysts provided this range of estimates. The company reported a profit of $0.81 per share for the same period in the previous year’s financial statements. The company’s quarterly revenue was 5.3% lower than its results during the same period in the prior year. Investors anticipate that Six Flags Entertainment Co. will generate $1.71 per share earnings this year.
Six Flags Entertainment Corporation is the owner and operator of several amusement and water parks across the country, all of which are branded with the Six Flags name. The company’s theme parks offer visitors a wide range of entertainment options, such as thrill rides, water attractions, themed zones, concerts, shows, restaurants, gaming areas, and retail outlets. In addition, the corporation sells various items, including food and beverages, and several other types of goods and services, within its parks.
Source: news.google.com
