Six Flags Entertainment Corporation New (NYSE:SIX)‘s stock had its “buy” rating restated by equities researchers at FBR & Co in a research note issued to investors on Monday. They presently have a $65.00 price objective on the stock. FBR & Co’s price objective would suggest a potential upside of 10.24% from the company’s previous close.

Several other research firms also recently weighed in on SIX. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Wednesday, June 28th. ValuEngine upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Wedbush cut their price target 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. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Friday, July 14th. Finally, BidaskClub upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $66.73.

Six Flags Entertainment Corporation New (NYSE SIX) traded down 2.05% during trading on Monday, reaching $57.75. 881,848 shares of the company’s stock were exchanged. Six Flags Entertainment Corporation New has a 12 month low of $50.33 and a 12 month high of $65.19. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 53.67 and a beta of 1.15. The firm’s 50-day moving average price is $54.46 and its 200-day moving average price is $58.33.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $422.37 million for the quarter, compared to the consensus estimate of $438.04 million. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, equities research analysts anticipate that Six Flags Entertainment Corporation New will post $1.86 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 transaction of $2,797,785.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jon L. Luther acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the acquisition, the director now owns 53,511 shares in the company, valued at approximately $2,813,608.38. The disclosure for this purchase can be found here. Company insiders own 6.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Davidson Kempner Capital Management LP raised its holdings in shares of Six Flags Entertainment Corporation New by 438.3% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock valued at $44,125,000 after buying an additional 602,723 shares in the last quarter. Intl Fcstone Inc. purchased a new position in shares of Six Flags Entertainment Corporation New during the 2nd quarter valued at about $1,164,000. Cetera Investment Advisers purchased a new position in shares of Six Flags Entertainment Corporation New during the 2nd quarter valued at about $315,000. Public Employees Retirement System of Ohio raised its holdings in shares of Six Flags Entertainment Corporation New by 3.5% during the 2nd 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 in the last quarter. Finally, Castleark Management LLC purchased a new position in shares of Six Flags Entertainment Corporation New during the 2nd quarter valued at about $3,838,000. 88.63% of the stock is currently owned by 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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