Six Flags Entertainment Corporation New (NYSE:SIX) was upgraded by research analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $59.00 target price on the stock. Hilliard Lyons’ price target would suggest a potential upside of 8.12% from the stock’s current price.

Several other analysts have also recently issued reports on the company. ValuEngine upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Wedbush dropped their target price on Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, June 8th. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, June 28th. FBR & Co restated a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, July 19th. Finally, Macquarie cut Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.67.

Shares of Six Flags Entertainment Corporation New (SIX) opened at 54.57 on Wednesday. The company has a 50-day moving average price of $55.32 and a 200-day moving average price of $58.81. Six Flags Entertainment Corporation New has a 12 month low of $47.61 and a 12 month high of $65.19. The company has a market capitalization of $4.67 billion, a P/E ratio of 50.72 and a beta of 1.13.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The company had revenue of $422.37 million during 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 company earned $0.64 earnings per share. On average, analysts forecast that Six Flags Entertainment Corporation New will post $1.90 EPS for the current fiscal year.

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In other news, Director Jon L. Luther bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $52.58 per share, with a total value of $157,740.00. Following the purchase, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance C. Balk sold 48,998 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. purchased a new position in Six Flags Entertainment Corporation New during the second quarter valued at about $1,164,000. Cetera Investment Advisers purchased a new position in Six Flags Entertainment Corporation New during the second quarter valued at about $315,000. Public Employees Retirement System of Ohio raised its position in Six Flags Entertainment Corporation New by 3.5% in the second quarter. Public Employees Retirement System of Ohio now owns 35,214 shares of the company’s stock valued at $2,099,000 after buying an additional 1,185 shares during the last quarter. Castleark Management LLC purchased a new position in Six Flags Entertainment Corporation New during the second quarter valued at about $3,838,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in Six Flags Entertainment Corporation New by 9.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock valued at $1,000,000 after buying an additional 1,421 shares during the last quarter. 88.63% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Corporation New Company Profile

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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