Six Flags Entertainment Corporation New (NYSE:SIX) Stock Rating Upgraded by TheStreet

Six Flags Entertainment Corporation New (NYSE:SIX) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research report issued on Wednesday, October 25th.

Other analysts have also recently issued reports about the company. Hilliard Lyons raised Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, August 30th. Janney Montgomery Scott reissued 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. FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and set a $73.00 price target on shares of Six Flags Entertainment Corporation New in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment Corporation New in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $67.00.

Six Flags Entertainment Corporation New (NYSE SIX) opened at $64.68 on Wednesday. The company has a market capitalization of $5,419.28, a PE ratio of 30.95, a PEG ratio of 3.87 and a beta of 1.15. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. Six Flags Entertainment Corporation New has a twelve month low of $51.25 and a twelve month high of $65.75.

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

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In other Six Flags Entertainment Corporation New news, Director Jon L. Luther purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $52.58 per share, with a total value of $157,740.00. Following the acquisition, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Banced Corp lifted its stake in Six Flags Entertainment Corporation New by 0.5% in the second quarter. Banced Corp now owns 7,752 shares of the company’s stock worth $462,000 after purchasing an additional 38 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Six Flags Entertainment Corporation New by 0.4% during the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after acquiring an additional 59 shares during the period. Teacher Retirement System of Texas increased its position in shares of Six Flags Entertainment Corporation New by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock worth $347,000 after acquiring an additional 80 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Six Flags Entertainment Corporation New by 0.4% during the first quarter. Public Employees Retirement System of Ohio now owns 34,029 shares of the company’s stock worth $2,024,000 after acquiring an additional 151 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of 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 worth $159,000 after acquiring an additional 155 shares during the period. 90.95% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Six Flags Entertainment Corporation New (NYSE:SIX)

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