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Shares of Six Flags Entertainment (NYSE ticker symbol: VI – get rating) has a unanimous “Hold” recommendation from the 12 research firms currently covering the company, P/E Ratio reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Analysts who have reported on the stock in the last year have an average 1-year price target of $29.20.
Six has been the subject of several research analysis reports. Citigroup upped their price target on Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, January 9th. B. Riley cut their target price on shares of Six Flags Entertainment from $24.00 to $23.00 and set a “neutral” rating on the company in a research report on Monday, October 31st. William Blair downgraded shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating and raised their target price on the stock from $22.00 to $47.00 in a research note on Friday, November 11th. Dollar. Deutsche Bank AG cut their target price on shares of Six Flags Entertainment from $32.00 to $29.00 in a research note on Friday, November 11th. Finally, Oppenheimer cut their price target on shares of Six Flags Entertainment to $27.00 in a report on Tuesday, November 15th.
Six Flags Entertainment Price Performance
shares six It opened Friday at $28.39. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 24.90, and a beta of 2.18. Six Flags Entertainment Inc. had a one-year low of $16.83 and a one-year high of $46.59. The company’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $23.21.
Insider Trading at Six Flags Entertainment
In related news, majority shareholder Rehan Jaffer purchased 50,000 shares of Six Flags Entertainment in a transaction that occurred on Tuesday, November 22nd. The stock was purchased at an average cost of $21.79 per share for a total value of $1,089,500.00. With the purchase, the insider now owns 11,400,000 shares of the company worth $248,406,000.The acquisition was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available via SEC website. In other Six Flags Entertainment news, CFO Gary Meek acquired 5,000 shares of Six Flags Entertainment stock in a Tuesday, Dec. 6 trade. The stock was purchased at an average cost of $22.28 per share for a total transaction value of $111,400.00. Following the purchase, the CFO now directly owns 46,175 shares of the company, worth approximately $1,028,779.The acquisition was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available at SEC website. Additionally, majority shareholder Rehan Jaffer acquired 50,000 shares of Six Flags Entertainment in a transaction on Tuesday, November 22. These shares were acquired at an average price of $21.79 per share for a total value of $1,089,500.00. After the acquisition, the insider now owns 11,400,000 shares of the company worth $248,406,000.Disclosures for this purchase can be found at here. Insiders acquired 58,750 shares of company stock worth $1,281,675 in the past 90 days. Insiders own 0.41% of the company.
Hedge Funds Involved in Six Flags Entertainment
Big investors recently revised their stakes in the company. Raymond James & Associates increased its stake in Six Flags Entertainment by 79.3% in the first quarter. Raymond James & Associates now owns 41,820 shares of the company worth $1,819,000 after purchasing an additional 18,491 shares during that period. Raymond James Financial Services Advisors Inc. purchased a new stake in Six Flags Entertainment in the first quarter, valued at approximately $771,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Six Flags Entertainment in the first quarter, valued at approximately $109,000. MetLife Investment Management LLC increased its stake in Six Flags Entertainment by 37.0% in the first quarter. MetLife Investment Management LLC now owns 51,361 shares of the company worth $2,234,000 after purchasing an additional 13,860 shares during that period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Six Flags Entertainment by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,361 shares of the company worth $1,234,000 after purchasing an additional 2,704 shares during this period. 92.11% of the shares are currently held by institutional investors and hedge funds.
About Six Flags Entertainment
Six Flags Entertainment operates theme parks. It operates under the Six Flags brand and offers rides, water attractions, themed areas, concerts and shows, restaurants, gaming venues and retail stores. The company was founded in 1961 by Angus G. Wynne Jr. and is headquartered in Arlington, Texas.
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