According to Fintel, on May 25, 2023, Keybanc initiated coverage of Six Flags Entertainment (NYSE:SIX) with an Overweight recommendation.
The average one-year price target for Six Flags Entertainment as of May 11, 2023, stands at 32.83, with forecasts ranging from 25.25 to $43.05. This indicates an estimated increase of 31.30% from its latest reported closing price of 25.00.
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The projected annual revenue for Six Flags Entertainment is 1,463MM, an increase of 7.39%. The projected annual non-GAAP EPS is 1.86.
It is reported that 594 funds or institutions have positions in Six Flags Entertainment representing a decrease of 5 owners or 0.83% in the last quarter. Moreover, the average portfolio weight of all funds dedicated to SIX is 0.32%, an increase of 20.93%. Total shares owned by institutions decreased in the last three months by 0.48% to 91,702K shares. The put/call ratio of SIX is 0.74, indicating a bullish outlook.
Shareholder Activity
H Partners Management holds 11,400K shares representing 13.69% ownership of the company. No change in the last quarter.
IJR – iShares Core S&P Small-Cap ETF holds 5,398K shares representing 6.48% ownership of the company. In it’s prior filing, the firm reported owning 5,484K shares, representing a decrease of 1.60%. The firm increased its portfolio allocation in SIX by 9.87% over the last quarter. Thunderbird Partners Llp holds 4,336K shares representing 5.21% ownership of the company. In it’s prior filing, the firm reported owning 4,190K shares, representing an increase of 3.38%. The firm increased its portfolio allocation in SIX by 23.73% over the last quarter.
Jericho Capital Asset Management holds 3,594K shares representing 4.32% ownership of the company. In it’s prior filing, the firm reported owning 3,456K shares, representing an increase of 3.84%. The firm decreased its portfolio allocation in SIX by 33.02% over the last quarter. Northwood Liquid Management holds 2,499K shares representing 3.00% ownership of the company. In it’s prior filing, the firm reported owning 1,434K shares, representing an increase of 42.63%. The firm increased its portfolio allocation in SIX by 37.49% over the last quarter.
About Six Flags Entertainment
(This description is provided by the company.)
Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of waterparks in North America, with 26 parks across the United States, Mexico and Canada. For 59 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling waterparks and unique attractions.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
