Six Flags Entertainment Corporation New (NYSE:SIX) has been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $68.25.

A number of research analysts have issued reports on SIX shares. Wedbush lowered their price objective on Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, June 8th. ValuEngine upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Macquarie cut Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Hilliard Lyons cut Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research cut Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.90% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Comerica Bank purchased a new stake in shares of Six Flags Entertainment Corporation New during the fourth quarter valued at approximately $213,000. Renaissance Technologies LLC purchased a new stake in shares of Six Flags Entertainment Corporation New during the fourth quarter valued at approximately $588,000. GSA Capital Partners LLP purchased a new stake in shares of Six Flags Entertainment Corporation New during the fourth quarter valued at approximately $530,000. Guggenheim Capital LLC raised its stake in shares of Six Flags Entertainment Corporation New by 214.3% in the fourth quarter. Guggenheim Capital LLC now owns 86,345 shares of the company’s stock valued at $5,177,000 after buying an additional 58,873 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Six Flags Entertainment Corporation New during the fourth quarter valued at approximately $44,628,000. 94.18% of the stock is owned by institutional investors.

Shares of Six Flags Entertainment Corporation New (NYSE SIX) opened at 55.33 on Monday. Six Flags Entertainment Corporation New has a one year low of $47.61 and a one year high of $65.19. The company has a market cap of $4.73 billion, a P/E ratio of 51.42 and a beta of 1.13. The company’s 50-day moving average price is $58.46 and its 200 day moving average price is $59.81.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.11. The company had revenue of $422.37 million for the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. On average, equities research analysts anticipate that Six Flags Entertainment Corporation New will post $1.88 earnings per share for the current year.

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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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