Six Flags Entertainment (NYSE:SIX) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Thursday.
Several other research analysts have also issued reports on SIX. Oppenheimer set a $80.00 price target on Six Flags Entertainment and gave the stock a “buy” rating in a research report on Thursday, November 15th. Berenberg Bank initiated coverage on Six Flags Entertainment in a research report on Wednesday, December 12th. They issued a “buy” rating and a $70.00 price target on the stock. Zacks Investment Research upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 17th. Finally, ValuEngine lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $66.11.
Get Six Flags Entertainment alerts:NYSE:SIX opened at $50.24 on Thursday. Six Flags Entertainment has a 12-month low of $49.79 and a 12-month high of $73.38. The firm has a market capitalization of $4.32 billion, a PE ratio of 15.55 and a beta of 1.26.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, February 14th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.65. Six Flags Entertainment had a negative return on equity of 43.77% and a net margin of 18.86%. The business had revenue of $269.50 million for the quarter, compared to analyst estimates of $284.50 million. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Six Flags Entertainment will post 2.8 earnings per share for the current fiscal year.
In other Six Flags Entertainment news, CFO Marshall Barber sold 1,275 shares of Six Flags Entertainment stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $56.48, for a total transaction of $72,012.00. Following the transaction, the chief financial officer now directly owns 82,722 shares in the company, valued at $4,672,138.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brett Petit sold 27,750 shares of Six Flags Entertainment stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $63.00, for a total value of $1,748,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,139 shares of company stock worth $1,827,495. Corporate insiders own 5.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. First Trust Advisors LP raised its stake in shares of Six Flags Entertainment by 441.3% in the 3rd quarter. First Trust Advisors LP now owns 83,644 shares of the company’s stock valued at $5,840,000 after purchasing an additional 68,191 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Six Flags Entertainment by 21.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 9,825 shares of the company’s stock valued at $686,000 after purchasing an additional 1,756 shares during the period. Private Advisor Group LLC raised its stake in shares of Six Flags Entertainment by 97.0% in the 3rd quarter. Private Advisor Group LLC now owns 29,227 shares of the company’s stock valued at $2,041,000 after purchasing an additional 14,391 shares during the period. Bessemer Group Inc. raised its stake in shares of Six Flags Entertainment by 0.7% in the 3rd quarter. Bessemer Group Inc. now owns 1,802,119 shares of the company’s stock valued at $125,826,000 after purchasing an additional 12,628 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Six Flags Entertainment by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 88,805 shares of the company’s stock valued at $6,200,000 after purchasing an additional 18,668 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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