Shares of Six Flags Entertainment Corp (NYSE:SIX) have earned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $65.90.

SIX has been the subject of a number of recent analyst reports. TheStreet downgraded Six Flags Entertainment Corp from a “b-” rating to a “c+” rating in a research note on Thursday, March 2nd. Janney Montgomery Scott restated a “buy” rating and issued a $67.00 price objective (up previously from $62.00) on shares of Six Flags Entertainment Corp in a research note on Thursday, February 23rd. They noted that the move was a valuation call. Wedbush restated an “outperform” rating and issued a $64.00 price objective on shares of Six Flags Entertainment Corp in a research note on Sunday, April 2nd. Hilliard Lyons downgraded Six Flags Entertainment Corp from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Finally, Goldman Sachs Group Inc restated a “neutral” rating and issued a $69.00 price objective on shares of Six Flags Entertainment Corp in a research note on Monday, May 1st.

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In other news, VP Brett Petit sold 20,000 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $64.95, for a total transaction of $1,299,000.00. Following the completion of the transaction, the vice president now owns 150,433 shares in the company, valued at approximately $9,770,623.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Usman Nabi sold 5,060,628 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $61.36, for a total value of $310,520,134.08. The disclosure for this sale can be found here. Insiders have sold a total of 5,159,620 shares of company stock valued at $316,956,774 in the last quarter. 7.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Laffer Investments increased its position in Six Flags Entertainment Corp by 5.8% in the third quarter. Laffer Investments now owns 15,799 shares of the company’s stock valued at $847,000 after buying an additional 872 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Six Flags Entertainment Corp by 36.5% in the third quarter. Verition Fund Management LLC now owns 26,087 shares of the company’s stock worth $1,399,000 after buying an additional 6,977 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Six Flags Entertainment Corp by 90.0% in the third quarter. 1832 Asset Management L.P. now owns 242,242 shares of the company’s stock worth $12,913,000 after buying an additional 114,747 shares during the period. Blackstone Group L.P. boosted its stake in shares of Six Flags Entertainment Corp by 57.8% in the third quarter. Blackstone Group L.P. now owns 527,866 shares of the company’s stock worth $28,299,000 after buying an additional 193,377 shares during the period. Finally, Naya Capital Management UK Ltd. bought a new stake in shares of Six Flags Entertainment Corp during the third quarter worth about $37,501,000. Institutional investors own 83.76% of the company’s stock.

Six Flags Entertainment Corp (NYSE:SIX) traded up 0.24% during trading on Friday, hitting $61.89. 96,400 shares of the company traded hands. The firm has a market capitalization of $5.61 billion, a P/E ratio of 54.24 and a beta of 1.18. Six Flags Entertainment Corp has a 12-month low of $47.61 and a 12-month high of $65.19. The stock has a 50-day moving average price of $60.82 and a 200-day moving average price of $59.47.

Six Flags Entertainment Corp (NYSE:SIX) last announced its quarterly earnings data on Wednesday, April 26th. The company reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.03. The firm had revenue of $99.50 million during the quarter, compared to the consensus estimate of $107.58 million. Six Flags Entertainment Corp had a negative return on equity of 297.44% and a net margin of 9.14%. The business’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.51) EPS. Equities analysts expect that Six Flags Entertainment Corp will post $2.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Thursday, May 25th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $2.56 annualized dividend and a dividend yield of 4.15%. Six Flags Entertainment Corp’s payout ratio is 204.80%.

Six Flags Entertainment Corp 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.

5 Day Chart for NYSE:SIX

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