Six Flags Entertainment Corporation New’s (SIX) “Buy” Rating Reiterated at FBR & Co

FBR & Co reissued their buy rating on shares of Six Flags Entertainment Corporation New (NYSE:SIX) in a research note published on Wednesday.

Several other research firms have also recently commented on SIX. Stifel Nicolaus restated a buy rating and issued a $73.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a sell rating to a hold rating in a research report on Saturday, July 22nd. Hilliard Lyons upgraded shares of Six Flags Entertainment Corporation New from a neutral rating to a buy rating and set a $59.00 target price for the company in a research report on Wednesday, August 30th. BidaskClub cut shares of Six Flags Entertainment Corporation New from a hold rating to a sell rating in a research report on Monday, July 24th. Finally, Janney Montgomery Scott restated a buy rating and issued a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $67.00.

Shares of Six Flags Entertainment Corporation New (NYSE:SIX) traded up 0.14% during midday trading on Wednesday, reaching $62.72. 1,395,036 shares of the company were exchanged. Six Flags Entertainment Corporation New has a 52-week low of $51.25 and a 52-week high of $65.19. The company’s 50-day moving average price is $59.54 and its 200 day moving average price is $58.71. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 58.29 and a beta of 1.16.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $583.59 million. During the same quarter in the prior year, the firm earned $1.09 EPS. Six Flags Entertainment Corporation New’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts predict that Six Flags Entertainment Corporation New will post $2.02 earnings per share for the current year.

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In other Six Flags Entertainment Corporation New news, Director Jon L. Luther bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $52.58 per share, with a total value of $157,740.00. Following the completion of the purchase, the director now directly owns 53,511 shares in the company, valued at $2,813,608.38. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Lance C. Balk sold 48,998 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total transaction of $2,797,785.80. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SIX. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Six Flags Entertainment Corporation New by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after purchasing an additional 225 shares during the last quarter. Ffcm LLC lifted its stake in Six Flags Entertainment Corporation New by 114.8% during the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock valued at $157,000 after purchasing an additional 1,406 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Six Flags Entertainment Corporation New by 6.2% during the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after purchasing an additional 155 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in Six Flags Entertainment Corporation New during the second quarter valued at approximately $185,000. Finally, Parametrica Management Ltd acquired a new stake in Six Flags Entertainment Corporation New during the second quarter valued at approximately $205,000. 88.35% of the stock is owned by institutional investors and hedge funds.

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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