Six Flags Entertainment Corporation New (SIX) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Six Flags Entertainment Corporation New (NYSE:SIX) from a sell rating to a hold rating in a research report report published on Wednesday, July 12th.

A number of other analysts have also commented on SIX. Wedbush reissued an outperform rating and set a $64.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Sunday, April 2nd. Goldman Sachs Group, Inc. (The) started coverage on Six Flags Entertainment Corporation New in a report on Thursday, April 6th. They set a neutral rating and a $65.00 price objective for the company. SunTrust Banks, Inc. initiated coverage on Six Flags Entertainment Corporation New in a report on Wednesday, April 12th. They set a buy rating and a $66.00 price objective for the company. Janney Montgomery Scott reaffirmed a buy rating and issued a $67.00 target price on shares of Six Flags Entertainment Corporation New in a report on Thursday, April 13th. Finally, Stifel Nicolaus initiated coverage on Six Flags Entertainment Corporation New in a report on Thursday, April 20th. They issued a buy rating and a $70.00 target price for the company. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $66.55.

Six Flags Entertainment Corporation New (NYSE:SIX) traded up 0.07% during trading on Wednesday, reaching $55.37. The company’s stock had a trading volume of 1,124,139 shares. Six Flags Entertainment Corporation New has a 52 week low of $47.61 and a 52 week high of $65.19. The firm has a market cap of $4.74 billion, a P/E ratio of 51.46 and a beta of 1.13. The stock’s 50 day moving average is $58.46 and its 200-day moving average is $59.81.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by $0.11. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The firm had revenue of $422.37 million for the quarter, compared to analyst estimates of $438.04 million. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Six Flags Entertainment Corporation New will post $1.88 earnings per share for the current fiscal year.

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In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total transaction of $2,797,785.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Washington Trust Bank boosted its stake in Six Flags Entertainment Corporation New by 11.6% in the first quarter. Washington Trust Bank now owns 2,225 shares of the company’s stock valued at $132,000 after buying an additional 231 shares during the last quarter. Creative Planning boosted its stake in Six Flags Entertainment Corporation New by 39.8% in the first quarter. Creative Planning now owns 2,218 shares of the company’s stock valued at $132,000 after buying an additional 631 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Six Flags Entertainment Corporation New during the first quarter valued at $149,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Six Flags Entertainment Corporation New by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after buying an additional 225 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in Six Flags Entertainment Corporation New during the second quarter valued at $185,000. Institutional investors own 94.18% of the company’s stock.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Analyst Recommendations for Six Flags Entertainment Corporation New (NYSE:SIX)

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