Fintel reports that on April 21, 2023, Morgan Stanley reiterated coverage of Six Flags Entertainment (NYSE: SIX ) with a Equal Weight recommendation.
Analyst Price Forecast Suggests 38.28% Upside
As of April 7, 2023, the average one-year price target for Six Flags Entertainment is $32.54. Predictions range from a low of $24.24 to a high of $42.00. The average price target represents an upside of 38.28% from the last reported closing price of $23.53.
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The expected annual revenue for Six Flags Entertainment is $1,463MM, an increase of 7.71%. Projected annual non-GAAP EPS is $1.86.
What is Fund Sentiment?
There are 570 funds or institutions reporting positions in Six Flags Entertainment. This is a decrease of 59 owner(s) or 9.38% in the previous quarter. Average portfolio weight of all funds attributed to SIX is 0.29%, an increase of 32.91%. Total shares owned by institutions decreased in the last three months by 7.54% to 90,632K shares. The put/call ratio of SIX is 0.44, which shows a bullish outlook.
What Are Other Shareholders Doing?
H Partners Management owns 11,400K shares which represents 13.69% ownership of the company. In its first filing, the company reported having 10,700K shares, representing an increase at 6.14%. The strong increased its portfolio allocation of SIX by 12.18% last quarter.
IJR – iShares Core S&P Small-Cap ETF has 5,484K shares representing 6.59% ownership of the company. In the first filing, the company reported having 5,393K shares, representing an increase at 1.66%. The strong increased its portfolio allocation of SIX by 21.52% last quarter.
Thunderbird Partners Llp has 4,190K shares which represent 5.03% ownership of the company. In the first filing, the company reported having 3,553K shares, representing an increase at 15.21%. The strong increased its portfolio allocation of SIX by 34.75% last quarter.
Jericho Capital Asset Management owns 3,456K shares which represents 4.15% ownership in the company. In its first filing, the company reported having 3,690K shares, representing a reduction at 6.78%. The strong increased its portfolio allocation of SIX by 43.62% last quarter.
Land & Buildings Investment Management has 2,601K shares which represents 3.12% of the company’s ownership. In its first filing, the company reported having 899K shares, representing an increase at 65.45%. The strong increased its portfolio allocation of SIX by 272.09% last quarter.
Six Flags Entertainment Background Information
(This description is provided by the company.)
Six Flags Entertainment Corporation is the region’s largest 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, exciting waterparks and unique attractions.
View all Six Flags Entertainment regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.