Six Flags Entertainment Corp (NYSE:SIX) – Stock analysts at Wedbush increased their Q1 2020 earnings per share estimates for shares of Six Flags Entertainment in a report issued on Monday, January 6th, Zacks Investment Research reports. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of ($1.05) for the quarter, up from their prior estimate of ($1.07).
SIX has been the topic of several other reports. Berenberg Bank restated a “hold” rating and set a $44.00 price objective on shares of Six Flags Entertainment in a research report on Thursday, January 9th. Jefferies Financial Group lowered their target price on shares of Six Flags Entertainment from $44.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday. Zacks Investment Research upgraded shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 25th. Stifel Nicolaus cut shares of Six Flags Entertainment from a “buy” rating to a “sell” rating and lowered their target price for the company from $56.00 to $46.00 in a research note on Friday, January 10th. Finally, ValuEngine upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $44.73.
Shares of SIX opened at $35.58 on Wednesday. The firm has a fifty day simple moving average of $43.79 and a two-hundred day simple moving average of $49.43. The firm has a market cap of $3.01 billion, a PE ratio of 11.02, a P/E/G ratio of 2.27 and a beta of 0.94. Six Flags Entertainment has a 1-year low of $35.06 and a 1-year high of $64.28.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.19). Six Flags Entertainment had a negative return on equity of 38.61% and a net margin of 18.02%. The company had revenue of $621.18 million during the quarter, compared to the consensus estimate of $643.90 million. During the same quarter in the prior year, the firm earned $2.16 earnings per share. The business’s revenue was up .2% compared to the same quarter last year.
In other Six Flags Entertainment news, Director Richard Roedel bought 5,662 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of $44.13 per share, with a total value of $249,864.06. Following the completion of the transaction, the director now directly owns 16,738 shares in the company, valued at approximately $738,647.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jon L. Luther bought 2,175 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $45.88 per share, with a total value of $99,789.00. Following the transaction, the director now owns 63,417 shares of the company’s stock, valued at $2,909,571.96. The disclosure for this purchase can be found here. Insiders purchased a total of 18,787 shares of company stock worth $850,397 in the last three months. 5.90% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIX. BB&T Securities LLC lifted its position in Six Flags Entertainment by 1.5% in the third quarter. BB&T Securities LLC now owns 36,046 shares of the company’s stock worth $1,828,000 after purchasing an additional 524 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Six Flags Entertainment in the third quarter valued at approximately $8,816,000. Hancock Whitney Corp boosted its holdings in shares of Six Flags Entertainment by 14.1% in the second quarter. Hancock Whitney Corp now owns 26,010 shares of the company’s stock valued at $1,292,000 after purchasing an additional 3,222 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Six Flags Entertainment by 48.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,029 shares of the company’s stock valued at $598,000 after purchasing an additional 3,943 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Six Flags Entertainment by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 24,252 shares of the company’s stock valued at $1,232,000 after purchasing an additional 463 shares during the period. 82.13% of the stock is owned by hedge funds and other institutional investors.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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