Six Flags Entertainment (NYSE:SIX) Upgraded at B. Riley

B. Riley upgraded shares of Six Flags Entertainment (NYSE:SIX) from a neutral rating to a buy rating in a research report report published on Thursday, Marketbeat Ratings reports. The firm currently has $31.00 price target on the stock, up from their previous price target of $30.00.

SIX has been the topic of a number of other reports. StockNews.com began coverage on Six Flags Entertainment in a research note on Saturday, April 13th. They set a hold rating on the stock. Citigroup increased their price objective on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a buy rating in a research note on Friday, March 1st. Finally, Truist Financial increased their price objective on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a hold rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $28.31.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $23.58 on Thursday. The stock’s 50-day moving average is $25.26 and its 200 day moving average is $24.17. Six Flags Entertainment has a one year low of $18.29 and a one year high of $28.99. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 51.26 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. On average, sell-side analysts expect that Six Flags Entertainment will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Penn Capital Management Company LLC boosted its holdings in shares of Six Flags Entertainment by 0.7% in the 1st quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company’s stock worth $2,645,000 after buying an additional 425 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Six Flags Entertainment by 34.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock worth $37,000 after buying an additional 428 shares during the last quarter. Cerity Partners LLC raised its stake in Six Flags Entertainment by 3.0% in the 2nd quarter. Cerity Partners LLC now owns 15,954 shares of the company’s stock valued at $414,000 after acquiring an additional 468 shares during the period. Rockefeller Capital Management L.P. raised its stake in Six Flags Entertainment by 64.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock valued at $33,000 after acquiring an additional 559 shares during the period. Finally, First Trust Advisors LP raised its stake in Six Flags Entertainment by 1.2% in the 4th quarter. First Trust Advisors LP now owns 48,400 shares of the company’s stock valued at $1,214,000 after acquiring an additional 596 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

About Six Flags Entertainment

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 sells food, beverages, merchandise, and other products and services within its parks.