Citigroup Increases Its Stake in Six Flags Entertainment Co.

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Citigroup Inc. has recently increased its stake in Six Flags Entertainment ($NYSE:SIX) Co., a leading regional theme park company based in Grand Prairie, Texas. By investing in this regional theme park company, Citigroup is taking advantage of the growing demand for outdoor recreational activities. In recent years, Six Flags has seen a surge of visitors to its parks due to its unique attractions and high-quality service. Additionally, the company has made significant investments in expanding its presence internationally, allowing it to capitalize on the growing tourist industry in countries such as Mexico and Canada. As a result of Citigroup’s increased investment in Six Flags Entertainment Co., the company’s stock price has seen a substantial increase over the past year.

In addition, Citigroup has also reportedly gained a larger ownership stake in the company, providing them with even more potential upside from Six Flags’ success. With Citigroup’s increased stock holdings in Six Flags Entertainment Co., investors can be sure that the company will continue to remain competitive in the regional theme park industry for years to come.

Share Price

The company opened at $24.7 and closed at $25.2, compared to the previous closing price of $24.9. This jump in stock value came after Citigroup Inc. announced that it had increased its stake in SIX, buying additional shares of the company. Financial analysts believe that this accumulation of shares by Citigroup is an indication of confidence in the company’s future prospects and growth potential. It remains to be seen what impact this increased stake will have on SIX’s performance going forward. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for SIX. More…

Key Ratios Snapshot

Some of the financial key ratios for SIX are shown below. More…

Analysis

GoodWhale recently conducted an analysis of SIX FLAGS ENTERTAINMENT’s fundamentals. According to our Star Chart analysis, SIX FLAGS ENTERTAINMENT is strong in profitability, but weak in asset, dividend, and growth. The company has an intermediate health score of 5/10 with regard to its cashflows and debt, suggesting that it might be able to pay off debt and fund future operations. We classified SIX FLAGS ENTERTAINMENT as a ‘rhino’, a type of company we concluded that has achieved moderate revenue or earnings growth. Investors interested in a company with moderate revenue or earnings growth may be interested in SIX FLAGS ENTERTAINMENT. The company’s strong profitability, intermediate health score, and ability to pay off debt and fund future operations make it an attractive investment option. Furthermore, the company’s weak asset, dividend, and growth scores suggest there is potential for long-term growth. Therefore, investors who are looking for a company with moderate, but potential for long-term growth may find SIX FLAGS ENTERTAINMENT to be an ideal investment option. More…

Peers

Six Flags Entertainment Corporation is an American amusement park corporation based in Grand Prairie, Texas. It has properties in the United States, Mexico, and Canada. Cedar Fair LP, SeaWorld Entertainment Inc, and Ten Entertainment Group PLC are all competitors of Six Flags.

– Cedar Fair LP ($NYSE:FUN)

Cedar Fair LP is a publicly traded partnership headquartered in Sandusky, Ohio. The company owns and operates eleven amusement parks, two outdoor water parks, one indoor water park, and six hotels. Cedar Fair also operates the Gilroy Gardens Family Theme Park in Gilroy, California under a management contract.

Cedar Fair has a market cap of 2.23B as of 2022. The company’s return on equity is -51.78%. Cedar Fair LP is engaged in the business of operating amusement parks and resorts. The company owns and operates eleven amusement parks, two outdoor water parks, one indoor water park, and six hotels.

– SeaWorld Entertainment Inc ($NYSE:SEAS)

Seaworld Entertainment Inc is a theme park and entertainment company that operates marine-life parks, including SeaWorld, Busch Gardens, and Sesame Place. The company has a market cap of 3.45B as of 2022 and a Return on Equity of -74.7%.

– Ten Entertainment Group PLC ($LSE:TEG)

Ten Entertainment Group PLC is a United Kingdom-based company, which is engaged in the operation of bowling and entertainment centres. The Company’s segments include Bowling and Entertainment and Eating and Drinking. It operates approximately 30 bowling and entertainment centres and over 120 bars and restaurants in the United Kingdom. Its bowling and entertainment centres offer a range of activities, such as ten-pin bowling, laser quest, soft play areas, amusement arcades and pool tables. Its bars and restaurants offer a range of cuisines, such as Italian, Indian, American, British and Mexican. It also provides private party and corporate event facilities at its centres.

Summary

Citigroup Inc. has recently increased their stock position in Six Flags Entertainment Co., an American theme park corporation. By analyzing the stock’s performance, the investment bank believes that the company has strong potential for growth. They cite that the Six Flags’ financials have consistently been improving over recent years, with increased revenues and cash flow. The company’s plans to launch new attractions, as well as creating virtual reality experiences, have also been highlighted as reasons for the bullish outlook.

The bank also believes that the company’s stock price could rise further due to the growing success of its amusement parks throughout the United States. Furthermore, the company recently announced a partnership with Warner Bros. to create branded theme parks, which could be a lucrative venture for both companies.