According to Bloomberg Ratings, the thirteen analysts covering Six Flags Entertainment Co. (NYSE: SIX) have collectively assigned the business a rating of “Hold” as their recommendation for the stock. There are a total of eight research experts who think the stock should be held, while only two think it should be bought. A price objective of $30.64 per share for the next 12 months has been assigned to this stock by brokerages that have covered it in the past year.
Recent years have seen a surge in the number of research projects focused on SIX. B. Riley lowered their price target on Six Flags Entertainment from $24.00 to $23.00 and gave the stock a “neutral” rating in a research report published on October 31st. Truist Financial lowered their price objective for Six Flags Entertainment from $20.00 to $18.00 and assigned the stock a “hold” rating in a research note published on Wednesday, October 5th. Oppenheimer decreased their target price on Six Flags Entertainment to $27.00 in a research report published on Tuesday, November 15th. Rosenblatt Securities lowered their price target on Six Flags Entertainment from $56.00 to $28.00 and rated the stock as a “buy” in a research note published on Friday, August 12th. Last but not least, in a research note published on Friday, November 11th, William Blair downgraded Six Flags Entertainment from “outperform” to “market perform” while simultaneously increasing their price target for the business from $22.00 to $47.00.
In other news about this topic, company director Arik W. Ruchim purchased 50,000 shares of the company’s stock on September 12th. The shares were acquired for a total expenditure of $1,194,500.00, which works out to an average price of $23.89 per share. Following the completion of the transaction, the director now owns 10,550,000 shares of the company’s stock, which have a combined value of $252,039,500. The transaction was made public through a filing with the SEC, which may be located here. In other news about this topic, company director Arik W. Ruchim purchased 50,000 shares of the company’s stock on September 12th. The shares were acquired for a total expenditure of $1,194,500.00, which works out to an average price of $23.89 per share. Following the completion of the transaction, the director now owns 10,550,000 shares of the company’s stock, which have a combined value of $252,039,500. The transaction was made public through a filing with the SEC, which may be located here. In addition, Gary Mick, the company’s CFO, purchased 4,175 shares of the company’s stock on September 13th. The total cost of the shares was $95,398.75, which works out to $22.85 per share. As a direct result of the transaction, the firm’s chief financial officer now directly owns 34,175 shares of the company’s stock, which have a value of $780,898.75. The disclosure regarding this purchase can be found here. Over the past three months, corporate insiders have purchased 904,175 company stock with a total value of $21,049,899. At present, business insiders own 0.41% of the company’s shares.
Recent events have caused the corporation to adjust its holdings in various hedge funds and other institutional investors. During the first three months of the year, Commonwealth Equity Services LLC added 5.1% more shares to its holdings in Six Flags Entertainment. Commonwealth Equity Services LLC now has 40,141 shares of the company’s stock, valued at $1,746,000 after the acquisition of 1,953 additional shares in the preceding quarter. In addition, during the first three months of the year, HighTower Advisors LLC added 2.6% more shares to its position in Six Flags Entertainment. HighTower Advisors LLC now has 96,371 shares of the company’s stock valued at $4,190,000 following the acquisition of an additional 2,463 shares during the most recent fiscal quarter. In addition, WINTON GROUP Ltd. boosted its investment in Six Flags Entertainment by 123.2% during the second quarter of the fiscal year. After purchasing 40,586 shares during the preceding quarter, Wintons Group Ltd now owns 73,534 shares of the company’s stock, which has a value of $1,596,000. At the end of the second quarter, Belpointe Asset Management LLC held 66.4% more shares in Six Flags Entertainment than before. Following the acquisition of 4,030 additional shares during the preceding quarter, Belpointe Asset Management LLC now holds 10,099 shares of the company’s stock, which is $219,000.
Last but not least, SG Americas Securities LLC added 59.5% more stock in Six Flags Entertainment to its holdings during the second quarter. SG Americas Securities LLC now has 78,708 shares of the company’s stock following the acquisition of an additional 29,352 shares during the recent last quarter. The value of SG Americas Securities LLC’s stock holdings is $1,708,000. In addition, the company’s stock is owned to the tune of 92.10% by hedge funds and other types of institutional investors.
The price of SIX stock was $22.97 when trading began on Tuesday. The stock price of Six Flags Entertainment has ranged from $16.83 to $47.24 during the past year. The stock price is currently trading at $21.06 and $22.84, respectively, above its simple 50-day and 200-day moving averages up to $47.24 during the past year. The stock price is currently trading at $21.06 and $22.84, respectively, above its simple 50-day and 200-day moving averages. The firm’s market capitalization is currently sitting at $1.91 billion, its PE ratio is 20.15, and its beta stands at 2.19.
The Six Flags Entertainment Corporation owns and operates all the regional theme parks and water parks that bear the Six Flags name. Its theme parks offer a variety of attractions, including heart-pounding coasters, water rides, themed areas, themed concerts and performances, restaurants, gambling facilities, and shopping outlets. In addition to selling food and beverages, merchandise, and other goods and services, the corporation also operates several amusement parks.
Source: news.google.com
