SIX has been the subject of a number of other reports. Zacks Investment Research cut Six Flags Entertainment from a hold rating to a sell rating in a research report on Friday, January 5th. Stifel Nicolaus reissued a buy rating and issued a $72.00 price target on shares of Six Flags Entertainment in a report on Thursday, October 12th. B. Riley reissued a buy rating on shares of Six Flags Entertainment in a report on Wednesday, November 1st. FBR & Co reissued a buy rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. Finally, SunTrust Banks reissued a buy rating and issued a $70.00 price target on shares of Six Flags Entertainment in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $67.44.
Shares of Six Flags Entertainment (SIX) opened at $67.25 on Monday. Six Flags Entertainment has a 1 year low of $51.25 and a 1 year high of $69.00. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. The firm has a market capitalization of $5,630.00, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 3.58 and a beta of 1.18.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.31. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The company had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. equities analysts predict that Six Flags Entertainment will post 2.13 earnings per share for the current fiscal year.
In related news, CEO James Reid-Anderson sold 41,008 shares of Six Flags Entertainment stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $65.06, for a total transaction of $2,667,980.48. Following the completion of the transaction, the chief executive officer now directly owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 281,139 shares of company stock valued at $18,706,366. 6.90% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of SIX. Janus Henderson Group PLC raised its holdings in Six Flags Entertainment by 985.4% during the second quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock worth $202,268,000 after purchasing an additional 3,080,574 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of Six Flags Entertainment 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 purchasing an additional 661,690 shares during the period. Bank of New York Mellon Corp grew its position in shares of Six Flags Entertainment by 75.0% in the third quarter. Bank of New York Mellon Corp now owns 1,411,729 shares of the company’s stock valued at $86,030,000 after purchasing an additional 605,027 shares during the period. Davidson Kempner Capital Management LP grew its position in shares of Six Flags Entertainment by 438.3% in the second quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock valued at $44,125,000 after purchasing an additional 602,723 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Six Flags Entertainment in the second quarter valued at $35,168,000. 99.45% of the stock is owned by hedge funds and other institutional investors.
Six Flags Entertainment 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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