Six Flags Entertainment Corporation New (NYSE:SIX)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a report released on Friday, July 14th. They presently have a $73.00 price objective on the stock. Stifel Nicolaus’ target price suggests a potential upside of 34.39% from the stock’s previous close.
Other analysts also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $67.00 target price on shares of Six Flags Entertainment Corporation New in a report on Saturday, April 29th. Janney Montgomery Scott reissued 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. SunTrust Banks, Inc. initiated coverage on Six Flags Entertainment Corporation New in a report on Wednesday, April 12th. They issued a “buy” rating and a $66.00 target price for the company. BidaskClub raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Wedbush restated an “outperform” rating and issued a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $66.55.
Six Flags Entertainment Corporation New (NYSE:SIX) opened at 54.32 on Friday. The firm’s 50-day moving average is $57.57 and its 200-day moving average is $59.52. The company has a market capitalization of $4.65 billion, a PE ratio of 50.48 and a beta of 1.13. Six Flags Entertainment Corporation New has a 12 month low of $47.61 and a 12 month high of $65.19.
Six Flags Entertainment Corporation New (NYSE:SIX) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.11. The company had revenue of $422.37 million during the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. Equities analysts anticipate that Six Flags Entertainment Corporation New will post $1.88 EPS for the current fiscal year.
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In other news, VP Lance C. Balk sold 48,998 shares of the company’s 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 6.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Washington Trust Bank increased its stake in shares of 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 in the last quarter. Gradient Investments LLC increased its stake in shares of Six Flags Entertainment Corporation New by 10.8% in the first quarter. Gradient Investments LLC now owns 103,350 shares of the company’s stock valued at $6,148,000 after buying an additional 10,093 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Six Flags Entertainment Corporation New by 2,397.0% in the first quarter. Bank of Montreal Can now owns 66,669 shares of the company’s stock valued at $3,967,000 after buying an additional 63,999 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of Six Flags Entertainment Corporation New by 4.4% in the first quarter. GW&K Investment Management LLC now owns 824,337 shares of the company’s stock valued at $49,040,000 after buying an additional 34,515 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in shares of Six Flags Entertainment Corporation New by 5.6% in the first quarter. Chesley Taft & Associates LLC now owns 12,200 shares of the company’s stock valued at $726,000 after buying an additional 650 shares in the last quarter. Hedge funds and other 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.
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