Six Flags Entertainment Corp. (NYSE:SIX) – Investment analysts at KeyCorp reduced their Q3 2016 earnings estimates for shares of Six Flags Entertainment Corp. in a research report issued to clients and investors on Sunday. KeyCorp analyst S. Hamann now expects that the brokerage will post earnings of $1.73 per share for the quarter, down from their prior estimate of $1.84. KeyCorp also issued estimates for Six Flags Entertainment Corp.’s FY2016 earnings at $1.87 EPS and FY2017 earnings at $2.18 EPS.

Six Flags Entertainment Corp. (NYSE:SIX) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.06. Six Flags Entertainment Corp. had a net margin of 13.19% and a return on equity of 3,451.32%. The business earned $407 million during the quarter, compared to the consensus estimate of $406.13 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis.

Earnings History and Estimates for Six Flags Entertainment Corp. (NYSE:SIX)

SIX has been the topic of a number of other research reports. B. Riley reiterated a “buy” rating and issued a $65.00 price objective on shares of Six Flags Entertainment Corp. in a research report on Sunday, July 31st. Wedbush downgraded Six Flags Entertainment Corp. from an “outperform” rating to a “neutral” rating in a research report on Friday, September 23rd. Credit Suisse Group AG restated a “positive” rating and set a $67.00 price target on shares of Six Flags Entertainment Corp. in a research report on Wednesday, July 13th. Zacks Investment Research downgraded Six Flags Entertainment Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, FBR & Co lowered their price target on Six Flags Entertainment Corp. from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $61.24.

Shares of Six Flags Entertainment Corp. (NYSE:SIX) traded down 1.43% during trading on Tuesday, hitting $51.14. The stock had a trading volume of 324,380 shares. The company has a market cap of $4.75 billion, a PE ratio of 28.93 and a beta of 1.44. The firm’s 50 day moving average is $51.43 and its 200 day moving average is $55.84. Six Flags Entertainment Corp. has a 1-year low of $45.24 and a 1-year high of $62.69.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, September 1st were paid a $0.58 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 4.47%. Six Flags Entertainment Corp.’s payout ratio is presently 128.89%.

In related news, SVP Walter Hawrylak sold 22,883 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $50.47, for a total value of $1,154,905.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Lance C. Balk sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $59.11, for a total value of $1,182,200.00. Following the completion of the sale, the vice president now directly owns 90,343 shares in the company, valued at $5,340,174.73. The disclosure for this sale can be found here. 7.10% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. acquired a new stake in Six Flags Entertainment Corp. during the second quarter valued at about $100,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Six Flags Entertainment Corp. during the second quarter valued at about $113,000. Checchi Capital Advisers LLC boosted its stake in Six Flags Entertainment Corp. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock valued at $114,000 after buying an additional 56 shares during the last quarter. Washington Trust Bank boosted its stake in Six Flags Entertainment Corp. by 24.8% in the third quarter. Washington Trust Bank now owns 2,159 shares of the company’s stock valued at $116,000 after buying an additional 429 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Six Flags Entertainment Corp. by 512.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,204 shares of the company’s stock valued at $128,000 after buying an additional 1,844 shares during the last quarter. 88.53% of the stock is currently owned by institutional investors.

About Six Flags Entertainment Corp.

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land.

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