Six Flags (NYSE:SIX) had its price target hoisted by research analysts at Macquarie from $56.00 to $58.00 in a report released on Thursday. The brokerage currently has an “underperform” rating on the stock. Macquarie’s price target indicates a potential downside of 9.38% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Six Flags from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Wedbush set a $76.00 target price on shares of Six Flags and gave the company a “buy” rating in a report on Monday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 target price (up from $72.00) on shares of Six Flags in a report on Wednesday, February 21st. ValuEngine cut shares of Six Flags from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Oppenheimer set a $80.00 target price on shares of Six Flags and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. Six Flags currently has an average rating of “Buy” and a consensus price target of $69.50.

Shares of NYSE:SIX opened at $64.00 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of -2.90. Six Flags has a one year low of $51.25 and a one year high of $70.44. The stock has a market cap of $5,347.66, a price-to-earnings ratio of 30.34 and a beta of 1.13.

Six Flags (NYSE:SIX) last issued its earnings results on Tuesday, April 24th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.05. The company had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $118.75 million. Six Flags had a net margin of 19.38% and a negative return on equity of 31.58%. Six Flags’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.63) EPS. equities analysts forecast that Six Flags will post 2.79 EPS for the current fiscal year.

In other Six Flags news, VP Lance C. Balk sold 100,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total value of $6,567,000.00. Following the transaction, the vice president now directly owns 15,738 shares of the company’s stock, valued at approximately $1,033,514.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Marshall Barber sold 597 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $66.57, for a total transaction of $39,742.29. Following the completion of the transaction, the chief financial officer now directly owns 80,536 shares in the company, valued at $5,361,281.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,647 shares of company stock worth $6,610,018. Insiders own 6.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SIX. Renaissance Technologies LLC bought a new position in Six Flags in the 4th quarter valued at about $49,415,000. Vaughan Nelson Investment Management L.P. grew its position in shares of Six Flags by 132.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 785,710 shares of the company’s stock worth $52,305,000 after purchasing an additional 447,635 shares in the last quarter. Deutsche Bank AG grew its position in shares of Six Flags by 240.3% during the 4th quarter. Deutsche Bank AG now owns 503,628 shares of the company’s stock worth $33,523,000 after purchasing an additional 355,621 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Six Flags during the 4th quarter worth approximately $20,136,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Six Flags during the 4th quarter worth approximately $10,293,000. 97.43% of the stock is currently owned by hedge funds and other institutional investors.

About Six Flags

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

Analyst Recommendations for Six Flags (NYSE:SIX)

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