Six Flags Entertainment Corporation New (NYSE:SIX) – Equities researchers at FBR & Co decreased their FY2018 EPS estimates for Six Flags Entertainment Corporation New in a report released on Thursday. FBR & Co analyst B. Crockett now anticipates that the company will post earnings of $2.37 per share for the year, down from their prior estimate of $2.48. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Six Flags Entertainment Corporation New’s FY2019 earnings at $2.36 EPS and FY2020 earnings at $2.85 EPS.

A number of other research analysts have also issued reports on SIX. Zacks Investment Research lowered Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Friday, July 14th. William Blair assumed coverage on Six Flags Entertainment Corporation New in a report on Friday, July 21st. They issued an “outperform” rating on the stock. Finally, Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Six Flags Entertainment Corporation New has an average rating of “Buy” and a consensus price target of $67.00.

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Shares of Six Flags Entertainment Corporation New (NYSE:SIX) traded down 0.81% during trading on Monday, reaching $62.21. 44,747 shares of the company’s stock traded hands. Six Flags Entertainment Corporation New has a one year low of $51.25 and a one year high of $65.19. The company has a 50 day moving average price of $59.54 and a 200-day moving average price of $58.71. The stock has a market cap of $5.32 billion, a P/E ratio of 57.82 and a beta of 1.16.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.31. Six Flags Entertainment Corporation New had a net margin of 13.24% and a negative return on equity of 47.41%. The business had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total transaction of $2,797,785.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jon L. Luther bought 3,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost 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 approximately $2,813,608.38. The disclosure for this purchase can be found here. 6.90% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Six Flags Entertainment Corporation New by 21,709.6% during the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock worth $196,215,000 after acquiring an additional 3,283,136 shares during the period. Janus Henderson Group PLC increased its stake in Six Flags Entertainment Corporation New by 985.4% in the second quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock valued at $202,268,000 after purchasing an additional 3,080,574 shares during the last quarter. Bessemer Group Inc. acquired a new position in Six Flags Entertainment Corporation New in the second quarter valued at $77,446,000. Thrivent Financial For Lutherans increased its stake in Six Flags Entertainment Corporation New by 542.2% in the second quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after purchasing an additional 661,690 shares during the last quarter. Finally, Davidson Kempner Capital Management LP increased its stake in Six Flags Entertainment Corporation New by 438.3% in the second quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock valued at $44,125,000 after purchasing an additional 602,723 shares during the last quarter. 89.01% of the stock is currently owned by institutional investors and hedge funds.

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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