Six Flags Entertainment Corporation (SIX) Is Now En Route to Higher Prices

Six Flags Entertainment Corporation (NYSE: SIX) is -57.64% lower on its value in year-to-date trading and has touched a low of $8.75 and a high of $59.52 in the current 52-week trading range. The SIX stock was last observed hovering at around $19.11 in the recent trading session, with the current gains setting it 0.67% off its average median price target of $22.00 for the next 12 months. It is also 36.19% off the consensus price target high of $31.00 offered by 14 analysts, but current levels are -23.63% lower than the price target low of $16.00 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


At last check, trading at $19.78, the stock is -5.44% and -9.19% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.48 million and changing 3.51% at the moment leaves the stock -38.31% off its SMA200. SIX registered -64.18% loss for a year compared to 6-month loss of -56.13%. The firm has a 50-day simple moving average (SMA 50) of $22.53 and a 200-day simple moving average (SMA200) of $25.46.

The stock witnessed a -27.31% gain in the last 1 month and extending the period to 3 months gives it a 33.73%, and is -3.82% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.38% over the week and 7.82% over the month.

Six Flags Entertainment Corporation (SIX) has around 2450 employees, a market worth around $1.65B and $1.46B in sales. Current P/E ratio is 9.95 and Fwd P/E is 37.62. Profit margin for the company is 11.20%. Distance from 52-week low is 126.06% and -66.77% from its 52-week high. The company has generated returns on investments over the last 12 months (21.70%).

Six Flags Entertainment Corporation (SIX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Six Flags Entertainment Corporation (SIX) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.60, where 7 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Six Flags Entertainment Corporation is expected to release its quarterly report on 07/29/2020 and quarterly earnings per share for the current quarter are estimated at -$0.94 with sales reaching $69.62M over the same period.The EPS is expected to shrink by -34.80% this year, but quarterly earnings will post -54.10% year-over-year.

Six Flags Entertainment Corporation (SIX) Top Institutional Holders

402 institutions hold shares in Six Flags Entertainment Corporation (SIX), with 5.57M shares held by insiders accounting for 6.57% while institutional investors hold 85.59% of the company’s shares. The shares outstanding are 84.66M, and float is at 78.63M with Short Float at 10.90%. Institutions hold 79.97% of the Float.

The top institutional shareholder in the company is H Partners Management, LLC with over 7.8 million shares valued at $97.81 million. The investor’s holdings represent 9.21% of the SIX Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 7.65 million shares valued at $95.97 million to account for 9.04% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.82 million shares representing 8.05% and valued at over $85.48 million, while Goldman Sachs Group, Inc. holds 3.46% of the shares totaling 2.93 million with a market value of $36.74 million.

Six Flags Entertainment Corporation (SIX) Insider Activity

A total of 39 insider transactions have happened at Six Flags Entertainment Corporation (SIX) in the last six months, with sales accounting for 3 and purchases happening 36 times. The most recent transaction is an insider purchase by BALDANZA B BEN, the company’s Director. SEC filings show that BALDANZA B BEN bought 1,638 shares of the company’s common stock on Mar 17 at a price of $14.74 per share for a total of $24144.0. Following the purchase, the insider now owns 2438.0 shares.

Six Flags Entertainment Corporation disclosed in a document filed with the SEC on Mar 05 that Ruchim Arik W (Director) bought a total of 200,000 shares of the company’s common stock. The trade occurred on Mar 05 and was made at $21.20 per share for $4.24 million. Following the transaction, the insider now directly holds 7.8 million shares of the SIX stock.

Still, SEC filings show that on Mar 04, Ruchim Arik W (Director) acquired 50,000 shares at an average price of $23.25 for $1.16 million. The insider now directly holds 7,600,000 shares of Six Flags Entertainment Corporation (SIX).

Six Flags Entertainment Corporation (SIX): Who are the competitors?

The company’s main competitors (and peers) include Cedar Fair L.P. (FUN) that is -45.53% lower over the past 12 months. Short interest in the company’s stock has fallen -22.29% from the last report on May 14, 2020 to stand at a total of 10.48 million short shares sold with a short interest ratio of 1.84.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free