Six Flags Entertainment Corp (NYSE:SIX) – Analysts at B. Riley issued their Q3 2020 earnings per share (EPS) estimates for shares of Six Flags Entertainment in a research note issued to investors on Thursday, March 28th, according to Zacks Investment Research. B. Riley analyst E. Wold expects that the company will earn $2.38 per share for the quarter. B. Riley has a “Buy” rating and a $57.00 price objective on the stock. B. Riley also issued estimates for Six Flags Entertainment’s Q4 2020 earnings at $0.43 EPS and FY2021 earnings at $3.37 EPS.
Several other research analysts also recently commented on the stock. Wells Fargo & Co decreased their target price on shares of Six Flags Entertainment from $62.00 to $49.00 and set a “market perform” rating on the stock in a research note on Monday, March 25th. Oppenheimer set a $63.00 target price on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research note on Thursday, March 21st. TheStreet downgraded shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Zacks Investment Research downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Finally, ValuEngine downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $62.40.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, February 14th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.28 by $0.65. Six Flags Entertainment had a net margin of 18.86% and a negative return on equity of 43.77%. The firm had revenue of $269.50 million for the quarter, compared to the consensus estimate of $284.50 million. During the same period last year, the firm posted $1.14 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the business. Ffcm LLC boosted its holdings in shares of Six Flags Entertainment by 50.0% during the 4th quarter. Ffcm LLC now owns 492 shares of the company’s stock valued at $27,000 after buying an additional 164 shares in the last quarter. Mascoma Wealth Management LLC bought a new stake in shares of Six Flags Entertainment during the 4th quarter valued at $28,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Six Flags Entertainment by 5,463.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,564,983 shares of the company’s stock valued at $28,000 after buying an additional 1,536,851 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Six Flags Entertainment during the 4th quarter valued at $56,000. Finally, Pinnacle Bank bought a new stake in shares of Six Flags Entertainment during the 4th quarter valued at $58,000. 91.25% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Kurt Matthew Cellar acquired 15,000 shares of Six Flags Entertainment stock in a transaction on Tuesday, March 12th. The shares were acquired at an average cost of $49.46 per share, with a total value of $741,900.00. Following the transaction, the director now owns 70,116 shares in the company, valued at $3,467,937.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Marshall Barber sold 1,275 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $56.48, for a total transaction of $72,012.00. Following the transaction, the chief financial officer now directly owns 82,722 shares in the company, valued at $4,672,138.56. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.
About Six Flags Entertainment
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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