Six Flags Entertainment Corporation New (NYSE:SIX) – Oppenheimer Holdings lowered their Q3 2017 EPS estimates for Six Flags Entertainment Corporation New in a research report issued on Monday. Oppenheimer Holdings analyst I. Zaffino now anticipates that the company will earn $1.79 per share for the quarter, down from their previous forecast of $1.80.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business had revenue of $422.37 million for the quarter, compared to analysts’ expectations of $438.04 million. During the same quarter last year, the business earned $0.64 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

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A number of other analysts also recently commented on SIX. Hilliard Lyons upgraded Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, August 30th. Janney Montgomery Scott reiterated a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, August 15th. FBR & Co reiterated a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $66.60.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at 61.15 on Thursday. Six Flags Entertainment Corporation New has a 12 month low of $50.33 and a 12 month high of $65.19. The stock’s 50 day moving average price is $56.86 and its 200-day moving average price is $58.46. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 56.83 and a beta of 1.16.

Several large investors have recently modified their holdings of SIX. UBS Asset Management Americas Inc. lifted its position in shares of Six Flags Entertainment Corporation New by 9.5% in the first quarter. UBS Asset Management Americas Inc. now owns 50,240 shares of the company’s stock valued at $2,989,000 after acquiring an additional 4,360 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Six Flags Entertainment Corporation New in the first quarter valued at $727,000. JPMorgan Chase & Co. lifted its position in shares of Six Flags Entertainment Corporation New by 2,062.3% in the first quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock valued at $14,855,000 after acquiring an additional 238,134 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Six Flags Entertainment Corporation New by 1.4% in the first quarter. Stifel Financial Corp now owns 21,678 shares of the company’s stock valued at $1,293,000 after acquiring an additional 303 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Six Flags Entertainment Corporation New by 27.9% in the first quarter. Alliancebernstein L.P. now owns 91,973 shares of the company’s stock valued at $5,471,000 after acquiring an additional 20,058 shares in the last quarter. Institutional investors and hedge funds own 88.63% of the company’s stock.

In related news, Director Jon L. Luther acquired 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the transaction, the director now directly owns 53,511 shares of the company’s stock, valued at $2,813,608.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were 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. 6.90% of the stock is owned by corporate insiders.

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.

Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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