Six Flags Entertainment Corporation (NYSE:SIX) shares traded 2.54% higher at $23.42 on Wall Street last session.
In accordance with the data, 13 analysts cover Six Flags Entertainment Corporation (NYSE:SIX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $22.00, we find $31.50. Given the previous closing price of $22.84, this indicates a potential upside of 37.92 percent. SIX stock price is now -10.31% away from the 50-day moving average and -5.24% away from the 200-day moving average. The market capitalization of the company currently stands at $2.01B.
It has been rated a hold by 5 analysts and a buy by 6. Brokers who have rated the stock have averaged $30.83 as their price target over the next twelve months.
With the price target reduced from $26 to $22, Goldman maintained Sell rating for Six Flags Entertainment Corporation (NYSE: SIX).
In other news, Mick Gary, CHIEF FINANCIAL OFFICER bought 5,812 shares of the company’s stock on Jun 09. The stock was bought for $156,808 at an average price of $26.98. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 89,737 shares in the company, valued at $2.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, CHIEF FINANCIAL OFFICER Mick Gary bought 1,500 shares of the business’s stock. A total of $38,047 was incurred on buying the stock at an average price of $25.36. This leaves the insider owning 84,737 shares of the company worth $1.98 million. Insiders disposed of 2,599 shares of company stock worth roughly $60868.58 over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SIX stock. A new stake in Six Flags Entertainment Corporation shares was purchased by SIMCOE CAPITAL MANAGEMENT, LLC during the first quarter worth $36,605,000. THORNTREE CAPITAL PARTNERS LP invested $20,360,000 in shares of SIX during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Six Flags Entertainment Corporation valued at approximately $16,207,000. HAWK RIDGE CAPITAL MANAGEMENT LP acquired a new stake in SIX for approximately $7,949,000. KINETIC PARTNERS MANAGEMENT, LP purchased a new stake in SIX valued at around $7,829,000 in the second quarter.
Six Flags Entertainment Corporation (NYSE: SIX) opened at $22.71 on Monday. During the past 12 months, Six Flags Entertainment Corporation has had a low of $16.83 and a high of $31.29. According to the stock market information, the enterprise value for the company is $4.52B, which is based on a 18.80 price-to-earnings ratio, a 3.10 price-to-earnings-growth ratio, and a beta of 2.17. The fifty day moving average price for SIX is $26.05 and a two-hundred day moving average price translates $24.74 for the stock.
The latest earnings results from Six Flags Entertainment Corporation (NYSE: SIX) was released for Apr, 2023. According to the Leisure Company, earnings per share came in at -$0.84, beating analysts’ expectations of -$0.85 by 0.01. This compares to -$0.76 EPS in the same period last year. The net profit margin was 7.70% and return on equity was -10.40% for SIX. The company reported revenue of $142.19 million for the quarter, compared to $138.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.96 percent. For the current quarter, analysts expect SIX to generate $469.84M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/11/2020. Investors who held shares on 03/04/2020 were paid a $0.25 dividend.
Six Flags Entertainment Corporation(SIX) Company Profile
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. It operates parks in the United States, Mexico, and Canada. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1961 and is based in Arlington, Texas.
