Six Flags Entertainment (NYSE:SIX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $77.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.98% from the stock’s previous close.
According to Zacks, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY. “
Other equities research analysts have also recently issued reports about the company. B. Riley restated a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and set a $70.00 price objective on shares of Six Flags Entertainment in a research note on Friday, October 27th. Wedbush set a $76.00 price objective on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Monday, January 8th. TheStreet upgraded Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. Finally, FBR & Co restated a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Six Flags Entertainment presently has an average rating of “Buy” and a consensus price target of $68.40.
Shares of Six Flags Entertainment (NYSE SIX) opened at $69.38 on Friday. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. The firm has a market capitalization of $5,813.07, a price-to-earnings ratio of 33.20, a P/E/G ratio of 3.70 and a beta of 1.15. Six Flags Entertainment has a 12 month low of $51.25 and a 12 month high of $70.44.
In other Six Flags Entertainment news, CEO James Reid-Anderson sold 25,456 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $66.31, for a total value of $1,687,987.36. Following the completion of the sale, the chief executive officer now directly owns 3,520,146 shares in the company, valued at $233,420,881.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 240,181 shares of company stock valued at $16,041,661. 6.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in SIX. Dimensional Fund Advisors LP raised its stake in Six Flags Entertainment by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 480,506 shares of the company’s stock valued at $28,645,000 after buying an additional 12,035 shares during the last quarter. State Street Corp raised its stake in Six Flags Entertainment by 1.5% in the second quarter. State Street Corp now owns 1,018,549 shares of the company’s stock valued at $60,713,000 after buying an additional 15,029 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Six Flags Entertainment by 9.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock worth $1,000,000 after purchasing an additional 1,421 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Six Flags Entertainment by 3.5% in the second quarter. Public Employees Retirement System of Ohio now owns 35,214 shares of the company’s stock worth $2,099,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Six Flags Entertainment in the second quarter worth about $315,000. Institutional investors own 98.79% of the company’s stock.
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About Six Flags Entertainment
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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