Zacks Investment Research cut shares of Six Flags Entertainment Corporation New (NYSE:SIX) from a buy rating to a hold rating in a research note released on Wednesday, July 12th.

According to Zacks, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY. “

A number of other equities research analysts have also recently issued reports on SIX. Wedbush reaffirmed an outperform rating and set a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, June 20th. ValuEngine upgraded Six Flags Entertainment Corporation New from a sell rating to a hold rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $69.00 price target on shares of Six Flags Entertainment Corporation New in a report on Monday, May 1st. Stifel Nicolaus upped their price target on Six Flags Entertainment Corporation New from $70.00 to $73.00 and gave the stock a buy rating in a report on Monday, May 1st. Finally, B. Riley restated a buy rating and issued a $67.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Saturday, April 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $66.55.

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

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The firm had revenue of $422.37 million during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities research analysts expect that Six Flags Entertainment Corporation New will post $1.88 EPS for the current year.

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In related news, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this link. 6.90% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Comerica Bank bought a new position in shares of Six Flags Entertainment Corporation New during the fourth quarter worth about $213,000. Renaissance Technologies LLC bought a new position in shares of Six Flags Entertainment Corporation New during the fourth quarter worth about $588,000. GSA Capital Partners LLP bought a new position in shares of Six Flags Entertainment Corporation New during the fourth quarter worth about $530,000. Guggenheim Capital LLC boosted its position 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 worth $5,177,000 after buying an additional 58,873 shares during the period. Finally, Norges Bank bought a new position in shares of Six Flags Entertainment Corporation New during the fourth quarter worth about $44,628,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

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.

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