Shares of Six Flags Entertainment Corp (NYSE:SIX) have been assigned a consensus rating of “Buy” from the fourteen research firms that are currently covering the firm. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $60.30.

Several equities analysts recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $65.00 target price on shares of Six Flags Entertainment Corp in a research report on Sunday, July 31st. Zacks Investment Research downgraded Six Flags Entertainment Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG set a $67.00 target price on Six Flags Entertainment Corp and gave the company a “buy” rating in a research report on Monday, September 12th. Wedbush downgraded Six Flags Entertainment Corp from an “outperform” rating to a “neutral” rating in a research report on Friday, September 23rd. Finally, FBR & Co cut 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.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Six Flags Entertainment Corp by 8.9% in the second quarter. Vanguard Group Inc. now owns 5,619,046 shares of the company’s stock worth $325,623,000 after buying an additional 458,380 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Six Flags Entertainment Corp by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,035,185 shares of the company’s stock worth $112,932,000 after buying an additional 31,076 shares during the period. Columbus Circle Investors acquired a new position in Six Flags Entertainment Corp during the second quarter worth $65,948,000. State Street Corp raised its position in Six Flags Entertainment Corp by 2.7% in the first quarter. State Street Corp now owns 991,660 shares of the company’s stock worth $55,026,000 after buying an additional 25,607 shares during the period. Finally, Royal Bank of Canada raised its position in Six Flags Entertainment Corp by 11.0% in the second quarter. Royal Bank of Canada now owns 878,020 shares of the company’s stock worth $50,882,000 after buying an additional 86,692 shares during the period. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Corp (NYSE:SIX) traded up 0.61% during midday trading on Friday, hitting $50.99. The company had a trading volume of 510,808 shares. The company has a 50 day moving average price of $51.48 and a 200 day moving average price of $55.74. The firm has a market capitalization of $4.74 billion, a P/E ratio of 28.84 and a beta of 1.44. Six Flags Entertainment Corp has a 1-year low of $45.24 and a 1-year high of $62.69.

Six Flags Entertainment Corp (NYSE:SIX) last released its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the 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 firm earned $407 million during the quarter, compared to analyst estimates of $406.13 million. During the same period in the previous year, the company earned $0.67 earnings per share. Six Flags Entertainment Corp’s revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that Six Flags Entertainment Corp will post $1.82 earnings per share for the current fiscal year.

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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