H Partners Management LLC recently announced the acquisition of new stake in Six Flags Entertainment Corporation (NYSE:SIX). The institutional investor has increased its shareholding in the Consumer Cyclical company by 6.54% to 11.4 million shares with purchase of 0.7 million shares. This fresh investment now brings its stake to 13.71% valued currently at $276.68 million. In addition, Thunderbird Partners LLP raised its holdings by 0.64 million to 4.19 million shares. And Land & Buildings Investment Manag has lifted its position by 189.47% or 1.7 million shares – to 2.6 million shares.
With over 1.75 million Six Flags Entertainment Corporation (SIX) shares trading Monday and a closing price of $26.25 on the day, the dollar volume was approximately $46.06 million. The shares have shown a positive half year performance of 18.14% and its price on 05/22/23 gained nearly 1.86%. Currently, there are 83.21M common shares owned by the public and among those 81.98M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for SIX have a consensus price objective of $32.27. The analysts have set the share’s price value over the next 12 months at a high of $41.00 and a low of $25.00. The average price target is 18.66% above its recent price level and a downside to the estimated low will see the stock lose -5.0% over that period. But an upside of 35.98% will see the stock hit the forecast high price target while median target price for the stock is $31.00.
Insiders at the company have transacted a total of 73 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 73 of these insider trades were purchases, accounting for 4,225,008 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Six Flags Entertainment Corporation are iShares Core S&P Small Cap ETF, American Funds Small Cap World Fu, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 5.37 million shares of the company’s stock, all valued at over $130.45 million. The company sold 7633.0 shares recently to bring their total holdings to about 6.46% of the shares outstanding. Vanguard Total Stock Market ETF bought 2936.0 shares to bring its total holdings to over 2.17 million shares at a value of $52.7 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.61% of the shares outstanding.
Shares of Six Flags Entertainment Corporation (NYSE: SIX) opened at $25.76, down -$0.01 from a prior closing price of $25.77. However, the script later moved the day high at 26.28, up 1.86%. The company’s stock has a 5-day price change of -1.87% and -4.65% over the past three months. SIX shares are trading 12.90% year to date (YTD), with the 12-month market performance down to -9.04% lower. It has a 12-month low price of $16.83 and touched a high of $31.29 over the same period. SIX has an average intraday trading volume of 1.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.39%, 4.49%, and 9.44% respectively.
Institutional ownership of Six Flags Entertainment Corporation (NYSE: SIX) shares accounts for 99.72% of the company’s 83.21M shares outstanding. Mutual fund holders own 38.03%, while other institutional holders and individual stakeholders account for 60.58% and 33.79% respectively.
It has a market capitalization of $2.29B and a beta (3y monthly) value of 2.17. The stock’s trailing 12-month PE ratio is 21.07, while the earnings-per-share (ttm) stands at $1.25. The company has a PEG of 3.47 and a Quick Ratio of 0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.15% over the week and 4.31% over the month.
Analysts forecast that Six Flags Entertainment Corporation (SIX) will achieve an EPS of $Edison International for the current quarter, $67.68 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Wix.com Ltd. while analysts give the company a high EPS estimate of $Skechers U.S.A., Inc. Comparatively, EPS for the current quarter was $Signet Jewelers Limited a year ago. Earnings per share for the fiscal year are expected to decrease by -14.20%, and 16.99% over the next financial year. EPS should grow at an annualized rate of 6.07% over the next five years, compared to -9.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Six Flags Entertainment Corporation (SIX) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 5 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
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