Jefferies Financial Group reissued their buy rating on shares of Six Flags Entertainment (NYSE:SIX – Get Rating ) in a research report sent to investors on Friday. Jefferies Financial Group currently has a $32.00 price objective on the stock. Jefferies Financial Group issued estimates for Six Flags Entertainment of $1.69/share for Q3 2022, $0.40/share for Q4 2022 and full year 2022, $02 per share, $1.87 per share for the third quarter 2023 and $2,202 for financial earnings. eps
Several other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Six Flags Entertainment from $56.00 to $38.00 in a research report on Friday, August 12th. Trust Financial decreased their price target on Six Flags Entertainment from $32 to $20 and set a hold rating on the stock in a research note on Friday, August 12th. Rosenblatt Securities cut their price target on Six Flags Entertainment from $56 to $28 and set a buy rating on the stock in a research note on Friday, August 12th. Oppenheimer dropped their price target on Six Flags Entertainment from $54.00 to $33.00 and gave the stock an outperform rating in a research note on Monday, August 8th. Finally, Citigroup downgraded Six Flags Entertainment from a buy rating to a neutral rating and cut their price target for the company from $41.00 to $26.00 in a research note on Friday, July 8th. Five equities research analysts have rated the stock with a “hold” rating and seven have given a “buy” rating to the stock. The stock has an average rating of “Moderate Buy” and a consensus price target of $31.91, according to MarketBeat.
Pricing flexibility for Six Flags Entertainment
Shares of Six Flags Entertainment stock opened at $23.82 on Friday. The company's 50-day moving average is $23.15 and its 200-day moving average is $30.58. Six Flags Entertainment has a 12 month low of $19.80 and a 12 month high of $47.24. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 15.37 and a beta of 2.17.
Six Flags Entertainment (NYSE: SIX – Get Rating ) last reported earnings on Thursday, August 11th. The company reported earnings of $0.53 for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.48). The company reported revenue of $435.40 million for the quarter, compared to analysts’ expectations of $518.50 million. Six Flags Entertainment had a net margin of 8.83% and a negative return of 14.53%. The company's revenue was down 5.3 percent from the previous quarter. In the same quarter last year, the company earned $0.81 per share. equities analysts anticipate that Six Flags Entertainment will post 1.92 earnings per share for the current year. Special service at Six Flags Entertainment
In other Six Flags Entertainment news, major shareholder Rehan Jaffer bought 250,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were purchased at an average price of $24.41 per share for a total transaction value of $6,102,500.00. Following the completion of the acquisition, the insider now owns 10,000,000 shares of the company's stock, which is valued at 244,100,000 shares. Also, on Monday, August 15th, major shareholder Rehan Jaffer bought 250,000 shares of the company’s stock. The shares were purchased at an average price of $24.41 per share for a total transaction value of $6,102,500.00. Following the completion of the purchase, the insider now directly owns 10,000,000 shares of the company's stock, valued at approximately $244,100,000. Also, CFO Gary Meek purchased 1,325 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were purchased at an average price of $23.82 per share for a total of $31,561.50. Following the completion of the purchase, the CFO now directly owns 30,000 shares of the company's stock, valued at $714,600. Information about the purchase can be found here. Over the last ninety days, insiders purchased 1,026,325 shares of company stock, valued at $24,151,062. 0.41% of shares are currently owned by insiders.
Six Flags Entertainment level for institutional investors
A number of institutional investors and hedge funds have recently modified their holdings. Highland Capital Management LLC grew its position in shares of Six Flags Entertainment by 0.7%. Highland Capital Management LLC now owns 41,372 shares of the company’s stock valued at $1,800,000 after buying an additional 273 shares during the period. Twin Lakes Capital Management LLC boosted its stake in Six Flags Entertainment by 0.3% in the first quarter. Twin Lakes Capital Management LLC now owns 100,098 shares of the company’s stock valued at $4,354,000 after buying an additional 337 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Six Flags Entertainment by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the company’s stock valued at $868,000 after buying an additional 400 shares in the last quarter. New York State Common Retirement Fund grew its stake in Six Flags Entertainment by 0.4% in the first quarter. New York State Common Retirement Fund now owns 103,878 shares of the company’s stock valued at $4,519,000 after buying an additional 406 shares in the last quarter. Finally, Penn Capital Management Company LLC raised its stake in Six Flags Entertainment by 0.7% in the first quarter. Penn Capital Management Co. LLC now owns 60,218 shares of the company’s stock valued at $2,645,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 92.10% of the company.
About Six Flags Entertainment
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Six Flags Entertainment Corporation owns and operates regional theme parks and water parks under the Six Flags name. The parks have various attractions, water slides, themed areas, concerts and shows, restaurants, playgrounds and shops. The company sells food, beverages, merchandise and other goods and services at the parks.
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