Six Flags Entertainment Corporation New (NYSE:SIX) – William Blair cut their Q3 2017 earnings estimates for shares of Six Flags Entertainment Corporation New in a research report issued on Tuesday. William Blair analyst R. Sundby now expects that the company will post earnings per share of $1.74 for the quarter, down from their previous forecast of $1.80. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Six Flags Entertainment Corporation New’s FY2018 earnings at $2.20 EPS.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly 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 business 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 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 business earned $0.64 earnings per share.

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SIX has been the subject of several other reports. Hilliard Lyons upgraded Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, August 30th. KeyCorp initiated coverage on Six Flags Entertainment Corporation New in a report on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price objective for the company. Macquarie downgraded Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. BidaskClub downgraded Six Flags Entertainment Corporation New from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Two investment 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 currently has an average rating of “Buy” and an average target price of $66.60.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at 61.15 on Thursday. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 56.83 and a beta of 1.16. Six Flags Entertainment Corporation New has a 52 week low of $50.33 and a 52 week high of $65.19. The company has a 50 day moving average of $56.86 and a 200 day moving average of $58.46.

In other news, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total transaction of $2,797,785.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jon L. Luther acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $52.58 per share, for a total transaction of $157,740.00. Following the acquisition, the director now owns 53,511 shares of the company’s stock, valued at $2,813,608.38. The disclosure for this purchase can be found here. Corporate insiders own 6.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SIX. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Six Flags Entertainment Corporation New by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after acquiring an additional 225 shares in the last quarter. Ffcm LLC boosted its position in Six Flags Entertainment Corporation New by 114.8% in the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock valued at $157,000 after buying an additional 1,406 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Six Flags Entertainment Corporation New by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after buying an additional 155 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in Six Flags Entertainment Corporation New in the second quarter valued at approximately $185,000. Finally, Parametrica Management Ltd purchased a new stake in Six Flags Entertainment Corporation New in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 88.63% 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.

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

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