Six Flags Entertainment Co. (NYSE: SIX) received a consensus recommendation from “Hold” brokers.
According to Bloomberg.com, the thirteen rating agencies currently covering Six Flags Entertainment INC (NYSE:SIX) have assigned the stock an average rating of “Hold”, indicating that investors should hold onto their stock holdings.
This note also indicates that investors should not sell the security.
There were two recommendations to buy the stock, but seven experts suggested holding it in their portfolios instead. For the period beginning in one year, brokers who reported on the stock the previous year set the average price target at $30.20 per share for the period beginning in one year.
On Thursday, the cost to buy SIX shares was $25.03 per share.
The company’s P/E ratio is currently 18.96 and its beta value is currently 2.19.
The company’s market capitalization is currently valued at $2.08 billion.
Over the past year, Six Flags Entertainment’s price has fluctuated between $16.83 and $44.82 at various times, with a low of $16.83 and a high of $44.82.
The stock’s moving average over the past 50 days is $27.25; over the past 200 days it has traded at $23.58.
Several analysts who work primarily with equity markets published SIX stock reports not too long ago. Credit Suisse Group said it would lower its price target for Six Flags Entertainment to $39.00 in a research report released Nov. 16. On January 10, Rosenblatt Securities reaffirmed its “buy” rating for Six Flags Entertainment stock and raised its price target for the company’s stock from $28.00 to $31.00.
The research note provided included a recommendation to “buy” the company’s stock. Following the release of a research report by TheStreet on Thursday, March 2, Six Flags Entertainment has been assigned a “C” rating.
This rating was followed by a “d+” rating assigned to the company. Citigroup changed its rating for Six Flags Entertainment from “neutral” to “overweight” in a company stock report released Friday, March 3.
Additionally, the price target they have set for the stock has increased from $27.00 to $30.00.
Ultimately, Deutsche Bank Aktiengesellschaft raised its price target on Six Flags Entertainment from $29.00 to $36.00 and listed the company as a “Buy” in a research report released Monday, March 6.
The report has been made public.
Hedge funds and other institutional investors have been active buyers and sellers of SIX shares over the past trading period.
During the third quarter, Long Pond Capital LP saw a 503.5% increase in the proportion of Six Flags Entertainment shares it held.
Long Pond Capital LP now directly owns 4,716,813 shares of the company, which are worth $83,488,000 after purchasing an additional 3,935,291 shares of the company during the quarter.
These shares were acquired for a total cost of $3,935,291. HG To purchase a new stake in Six Flags Entertainment during the third quarter, Vora Capital Management LLC paid approximately $61,950,000.
BlackRock INC increased its percentage ownership interest in Six Flags Entertainment to 45.7% during the third fiscal quarter.
BlackRock INC now owns 9,918,652 shares of the company, currently valued at $175,559,000, after purchasing an additional 3,108,978 shares during the period in question.
Land & Buildings Investment Management LLC completed the acquisition of an additional 189.5% of Six Flags Entertainment in the last three months of 2018, bringing its total ownership in the company to 100%.
Land & Buildings Investment Management LLC now owns a total of 2,601,473 shares of the company, which are worth $60,484,000 after purchasing an additional 1,702,783 shares of the company during the most recent period.
These shares were purchased during the most recent period.
And finally, in the first three months of the year, Clearbridge Investments LLC increased the number of Six Flags Entertainment stocks in its portfolio by 242.2%. Clearbridge Investments LLC now owns 2,297,340 shares of the company, currently valued at $99,934,000, after purchasing an additional 1,625,966 shares during the reporting period. Various institutions hold most of the company’s shares (92.1%).
Six Flags Entertainment Corporation operates amusement parks as its primary source of revenue.
It is known as Six Flags and offers guests access to a wide variety of entertainment options, such as rides, water attractions, themed areas, concerts, shows, restaurants and outlets , among others.
The company was reportedly started in 1961 by Angus G. Wynne Jr., and it currently maintains operations from its headquarters in Arlington, Texas.