An Analysis of Six Flags Entertainment Corporation (SIX)’s Potential Price Growth

Six Flags Entertainment Corporation’s filing revealed that its 10% Owner JAFFER REHAN acquired Company’s shares for reported $1.1 million on Sep 14. In the deal valued at $22.05 per share,50,000 shares were bought. As a result of this transaction, JAFFER REHAN now holds 10,700,000 shares worth roughly $ 239.04 million.


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Then, Ruchim Arik W bought 50,000 shares, generating $1,102,430 in total proceeds. Upon buying the shares at $22.05, the Director now owns 10,700,000 shares.

Before that, Ruchim Arik W bought 100,000 shares. Six Flags Entertainment Corporation shares valued at $2,298,112 were divested by the Director at a price of $22.98 per share. As a result of the transaction, Ruchim Arik W now holds 10,650,000 shares, worth roughly $237.92 million.

KeyBanc Capital Markets downgraded its Six Flags Entertainment Corporation [SIX] rating to a Sector weight from a an Overweight in a research note published on Friday. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Neutral”. B. Riley Securities also remained covering SIX and has decreased its forecast on June 21, 2022 with a “Neutral” recommendation from previously “Buy” rating. Rosenblatt started covering the stock on April 26, 2022. It rated SIX as “a Buy”.

Price Performance Review of SIX

On Friday, Six Flags Entertainment Corporation [NYSE:SIX] saw its stock fall -3.08% to $22.34. On the same session, the stock had its day’s lowest price of $21.96, but rose to a high of $23.10. Over the last five days, the stock has lost -6.21%. Six Flags Entertainment Corporation shares have fallen nearly -47.53% since the year began. Nevertheless, the stocks have fallen -46.90% over the past one year. While a 52-week high of $47.24 was reached on 02/10/22, a 52-week low of $19.80 was recorded on 08/11/22. SMA at 50 days reached $23.14, while 200 days put it at $33.57. A total of 3.16 million shares were traded, compared to the trading of 4.43 million shares in the previous session.

Levels Of Support And Resistance For SIX Stock

The 24-hour chart illustrates a support level at 21.83, which if violated will result in even more drops to 21.33. On the upside, there is a resistance level at 22.97. A further resistance level may holdings at 23.61. The Relative Strength Index (RSI) on the 14-day chart is 45.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.86%. Stochastics %K at 30.36% indicates the stock is a holding.

How much short interest is there in Six Flags Entertainment Corporation?

A steep rise in short interest was recorded in Six Flags Entertainment Corporation stocks on Jul 14, 2022, growing by 3.42 million shares to a total of 7.79 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.37 million shares. There was a rise of 43.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.53.

Six Flags Entertainment Corporation [SIX] – Who Are The Largest Shareholders?

In filings from H Partners Management LLC, it is revealed that the company now owns 10,500,000 shares, or roughly 12.63% of the outstanding SIX shares. In other words, the investor’s shares have risen by 1,025,000 from its previous 13-F filing of 9475000.0. Additionally, The Vanguard Group, Inc. increased 10.94% of its stake after which the total value it holdings stand at $198,077,438, while BlackRock Fund Advisors added 3.00% of its stake to hold $135.59 million in the firm. Over the last quarter, Thunderbird Partners LLP purchased 304,389 shares of Six Flags Entertainment Corporation, while Point72 Asset Management LP bought 1,854,442 shares. At present, Morgan Stanley & Co. LLC is holding 2,553,497 shares valued at $56.56 million. ClearBridge Investments LLC owned 2,336,167 shares of the company at the time of its most recent 13F filing, worth $51.75 million.

According to FactSet, Six Flags Entertainment Corporation’s share price will average $29.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.64 percent from its previous closing price of $23.05. Analysts expect Six Flags Entertainment Corporation stock to reach the higher price of $40.00, while the lowest price estimate is $20.00.

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