Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New (NYSE:SIX) from a sell rating to a hold rating in a report published on Saturday, July 22nd.
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. “
A number of other brokerages have also recently issued reports on SIX. Hilliard Lyons cut Six Flags Entertainment Corporation New from a buy rating to a neutral rating in a report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $69.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Monday, May 1st. Stifel Nicolaus upped their target price on Six Flags Entertainment Corporation New from $70.00 to $73.00 and gave the stock a buy rating in a research note on Monday, May 1st. B. Riley restated a buy rating and issued a $67.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Saturday, April 29th. Finally, ValuEngine upgraded Six Flags Entertainment Corporation New from a sell rating to a hold rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Six Flags Entertainment Corporation New presently has a consensus rating of Hold and an average price target of $66.55.
Six Flags Entertainment Corporation New (NYSE SIX) opened at 56.87 on Friday. The company has a market cap of $4.87 billion, a PE ratio of 52.85 and a beta of 1.15. Six Flags Entertainment Corporation New has a 12 month low of $47.61 and a 12 month high of $65.19. The company has a 50 day moving average price of $58.55 and a 200-day moving average price of $59.84.
Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.11. The company had revenue of $422.37 million for the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Equities analysts predict that Six Flags Entertainment Corporation New will post $1.93 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambridge Trust Co. raised its stake in shares of Six Flags Entertainment Corporation New by 41.8% in the second quarter. Cambridge Trust Co. now owns 121,036 shares of the company’s stock worth $7,215,000 after buying an additional 35,650 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Six Flags Entertainment Corporation New by 9.3% in the second quarter. IFP Advisors Inc now owns 7,104 shares of the company’s stock valued at $423,000 after buying an additional 607 shares in the last quarter. Corbyn Investment Management Inc. MD raised its stake in shares of Six Flags Entertainment Corporation New by 29.1% in the second quarter. Corbyn Investment Management Inc. MD now owns 226,780 shares of the company’s stock valued at $13,518,000 after buying an additional 51,162 shares in the last quarter. Sei Investments Co. increased its position in Six Flags Entertainment Corporation New by 270.0% in the second quarter. Sei Investments Co. now owns 57,064 shares of the company’s stock valued at $3,401,000 after buying an additional 41,642 shares during the last quarter. Finally, Barnett & Company Inc. increased its position in Six Flags Entertainment Corporation New by 3.8% in the second quarter. Barnett & Company Inc. now owns 73,984 shares of the company’s stock valued at $4,410,000 after buying an additional 2,692 shares during the last quarter. 87.07% of the stock is currently owned by hedge funds and other institutional investors.
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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