Six Flags Entertainment Corporation New (SIX) Downgraded by Zacks Investment Research to “Sell”

Six Flags Entertainment Corporation New (NYSE:SIX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, October 18th.

According to Zacks, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY. “

Several other equities analysts have also commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Thursday, October 12th. FBR & Co reissued a “buy” rating and issued a $65.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Monday, September 25th. KeyCorp began coverage on Six Flags Entertainment Corporation New in a report on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price objective for the company. Hilliard Lyons raised Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, August 30th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment Corporation New in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.00.

Six Flags Entertainment Corporation New (NYSE:SIX) traded up $0.18 during midday trading on Wednesday, reaching $63.98. 671,205 shares of the company’s stock were exchanged, compared to its average volume of 1,920,000. Six Flags Entertainment Corporation New has a 52 week low of $51.25 and a 52 week high of $65.19. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. The firm has a market capitalization of $5,360.00, a PE ratio of 30.53, a P/E/G ratio of 3.82 and a beta of 1.16.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment Corporation New had a net margin of 13.24% and a negative return on equity of 47.41%. The firm had revenue of $580.40 million for the quarter, compared to analyst estimates of $583.59 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. equities research analysts anticipate that Six Flags Entertainment Corporation New will post 2.09 EPS for the current fiscal year.

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In other Six Flags Entertainment Corporation New news, Director Jon L. Luther bought 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the acquisition, the director now owns 53,511 shares in the company, valued at approximately $2,813,608.38. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SIX. BlackRock Inc. lifted its holdings in Six Flags Entertainment Corporation New by 21,709.6% during the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock worth $196,215,000 after acquiring an additional 3,283,136 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Six Flags Entertainment Corporation New by 985.4% in the second quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock valued at $202,268,000 after acquiring an additional 3,080,574 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Six Flags Entertainment Corporation New in the second quarter valued at about $77,446,000. Renaissance Technologies LLC increased its position in shares of Six Flags Entertainment Corporation New by 7,777.6% in the first quarter. Renaissance Technologies LLC now owns 772,000 shares of the company’s stock valued at $45,926,000 after acquiring an additional 762,200 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Six Flags Entertainment Corporation New by 542.2% in the second quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after acquiring an additional 661,690 shares during the last quarter. Hedge funds and other institutional investors own 90.95% of the company’s stock.

About Six Flags Entertainment Corporation New

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.

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