Prepare Yourself for Liftoff: Six Flags Entertainment Corp (SIX)

Six Flags Entertainment Corp (NYSE: SIX) stock jumped 1.77% on Monday to $24.12 against a previous-day closing price of $23.70. With 2.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.1 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $24.32 whereas the lowest price it dropped to was $23.69. The 52-week range on SIX shows that it touched its highest point at $31.29 and its lowest point at $18.29 during that stretch. It currently has a 1-year price target of $28.50. Beta for the stock currently stands at 2.11.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SIX was up-trending over the past week, with a rise of 4.60%, but this was up by 27.35% over a month. Three-month performance surged to 11.10% while six-month performance fell -8.11%. The stock gained 8.55% in the past year, while it has gained 3.74% so far this year. A look at the trailing 12-month EPS for SIX yields 0.89 with Next year EPS estimates of 1.91. For the next quarter, that number is 0.25. This implies an EPS growth rate of -14.76% for this year and 73.55% for next year. EPS is expected to grow by 6.07% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -16.10%.

Float and Shares Shorts:

At present, 83.18 million SIX shares are outstanding with a float of 82.60 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.52 million, which was 9.00% higher than short shares on Sep 28, 2023. In addition to Mr. Selim A. Bassoul as the firm’s CEO, President & Executive Director, Mr. Gary Mick serves as its Executive VP, CFO & Interim Controller.

Institutional Ownership:

Through their ownership of 100.82% of SIX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.12% of SIX, in contrast to 38.86% held by mutual funds. Shares owned by individuals account for 33.63%. As the largest shareholder in SIX with 13.65% of the stake, H Partners Management LLC holds 11,400,000 shares worth 11,400,000. A second-largest stockholder of SIX, BlackRock Fund Advisors, holds 10,136,581 shares, controlling over 12.14% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SIX, holding 7,800,607 shares or 9.34% stake. With a 5.77% stake in SIX, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,818,648 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.66% of SIX stock, is the second-largest Mutual Fund holder. It holds 2,217,985 shares valued at 44.14 million. Vanguard Small Cap Index Fund holds 2.19% of the stake in SIX, owning 1,830,898 shares worth 36.43 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SIX analysts setting a high price target of $35.00 and a low target of $22.00, the average target price over the next 12 months is $28.50. Based on these targets, SIX could surge 45.11% to reach the target high and fall by -8.79% to reach the target low. Reaching the average price target will result in a growth of 18.16% from current levels.

Summary of Insider Activity:

Insiders traded SIX stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 11,901 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 208,970 while 16,944 shares were sold.