Six Flags Entertainment Co. (NYSE:SIX) Given Consensus Recommendation of “Hold” by Brokerages

Six Flags Entertainment Co. (NYSE:SIX – Get Rating ) has received a rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month average price among brokerages that have sold the stock in the last year is $30.64.

SIX has been the subject of several recent reports. B. Riley decreased their price objective on Six Flags Entertainment from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 31st. Truist Financial cut their price objective on Six Flags Entertainment from $20.00 to $18.00 and set the stock to a “hold” rating in a research note on Wednesday, October 5th. Oppenheimer cut their price objective on Six Flags Entertainment to $27.00 in a research note on Tuesday, November 15th. Rosenblatt Securities cut their target price on Six Flags Entertainment from $56.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, August 12th. Finally, William Blair cut Five Flags Fun from an “outperform” rating to a “market perform” rating and upped their price target for the company from $22.00 to $47.00 in a research note on Friday, November 11th.

Buying and Selling Insider at Six Flags Entertainment

In related news, Director Arik W. Ruchim bought 50,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were bought at a price of $ 23.89 per share, with a value of $ 1,194,500.00. Following the transaction, the director now owns 10,550,000 shares of the company’s stock, valued at $252,039,500. The transaction was disclosed in a document issued by the SEC, which is available at this hyperlink. In related news, Director Arik W. Ruchim bought 50,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were bought at a price of $ 23.89 per share, with a value of $ 1,194,500.00. Following the transaction, the director now owns 10,550,000 shares of the company’s stock, valued at $252,039,500. The transaction was disclosed in a document issued by the SEC, which is available at this hyperlink. Also, CFO Gary Mick bought 4,175 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were bought at an average price of $22.85 per share, for a total sale of $95,398.75. Following the sale, the chief financial officer now owns 34,175 shares in the company, valued at approximately $780,898.75. Disclosure of this purchase can be found here. Over the last 90 days, insiders purchased 904,175 shares of company stock valued at $21,049,899. 0.41% of the stock is currently owned by company insiders.

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Institutional Marketing of Six Flags Entertainment

Hedge funds and other institutional investors have recently changed their position in the business. Commonwealth Equity Services LLC lifted its holdings in shares of Six Flags Entertainment by 5.1% in the first quarter. Commonwealth Equity Services LLC now owns 40,141 shares of the company’s stock valued at $1,746,000 after purchasing an additional 1,953 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Six Flags Entertainment by 2.6% in the first quarter. HighTower Advisors LLC now owns 96,371 shares of the company’s stock valued at $4,190,000 after buying an additional 2,463 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Six Flags Entertainment by 123.2% during the second quarter. WINTON GROUP Ltd now owns 73,534 shares of the company’s stock valued at $1,596,000 after purchasing an additional 40,586 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Six Flags Entertainment by 66.4% during the second quarter. Belpointe Asset Management LLC now owns 10,099 shares of the company’s stock valued at $219,000 after buying an additional 4,030 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Six Flags Entertainment by 59.5% during the second quarter. SG Americas Securities LLC now owns 78,708 shares of the company’s stock valued at $1,708,000 after purchasing an additional 29,352 shares during the last quarter. Hedge funds and other institutional investors own 92.10% of the company’s assets.

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Six Flags Entertainment Price Performance

Shares of SIX stock opened at $22.97 on Tuesday. Six Flags Entertainment has a 1 year low of $16.83 and a 1 year high of $47.24. The 50-day moving average is $21.06 and the 200-day moving average is $22.84. The company has a market cap of $1.91 billion, a PE ratio of 20.15 and a beta of 2.19.

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History of Six Flags Entertainment Company

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Six Flags Entertainment Corporation owns and operates regional theme parks and water parks under the Six Flags name. Its parks offer a variety of amusement rides, water attractions, themed areas, concerts and shows, restaurants, amusement parks, and shopping centers. The company also sells food, beverages, merchandise, and other products and services in its parks.

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Expert Opinion on Six Flags Entertainment (NYSE:SIX)

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Although Six Flags Entertainment currently has a “Moderate Buy” rating among analysts, top research analysts believe the stock is a good buy.

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