According to Zacks, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY. “
SIX has been the topic of several other reports. Oppenheimer Holdings Inc. reissued an outperform rating and set a $65.00 price target on shares of Six Flags Entertainment Corp. in a research note on Tuesday, August 23rd. Hilliard Lyons assumed coverage on shares of Six Flags Entertainment Corp. in a research note on Tuesday, August 23rd. They issued a buy rating on the stock. Janney Montgomery Scott reaffirmed a buy rating and issued a $64.00 price objective on shares of Six Flags Entertainment Corp. in a research note on Thursday, September 15th. TheStreet raised shares of Six Flags Entertainment Corp. from a hold rating to a buy rating in a research note on Wednesday, July 27th. Finally, Macquarie reaffirmed a neutral rating and issued a $57.00 price objective on shares of Six Flags Entertainment Corp. in a research note on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $61.24.
Six Flags Entertainment Corp. (NYSE:SIX) opened at 53.61 on Wednesday. Six Flags Entertainment Corp. has a 1-year low of $45.24 and a 1-year high of $62.69. The stock has a 50 day moving average of $51.10 and a 200-day moving average of $55.83. The firm has a market capitalization of $4.98 billion, a P/E ratio of 30.32 and a beta of 1.44.
Six Flags Entertainment Corp. (NYSE:SIX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.06. Six Flags Entertainment Corp. had a net margin of 13.19% and a return on equity of 3,451.32%. The company had revenue of $407 million for the quarter, compared to the consensus estimate of $406.13 million. During the same period last year, the company earned $0.67 earnings per share. Six Flags Entertainment Corp.’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Six Flags Entertainment Corp. will post $1.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, September 1st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Tuesday, August 30th. Six Flags Entertainment Corp.’s payout ratio is presently 128.89%.
In related news, SVP Walter Hawrylak sold 22,883 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $50.47, for a total value of $1,154,905.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance C. Balk sold 20,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the completion of the transaction, the vice president now directly owns 90,343 shares of the company’s stock, valued at $5,340,174.73. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Six Flags Entertainment Corp. by 105.9% in the first quarter. Renaissance Technologies LLC now owns 563,400 shares of the company’s stock worth $31,263,000 after buying an additional 289,800 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Six Flags Entertainment Corp. by 33.1% in the first quarter. BlackRock Group LTD now owns 54,981 shares of the company’s stock valued at $3,052,000 after buying an additional 13,658 shares during the period. State Street Corp boosted its stake in shares of Six Flags Entertainment Corp. by 2.7% in the first quarter. State Street Corp now owns 991,660 shares of the company’s stock valued at $55,026,000 after buying an additional 25,607 shares during the period. Royal Bank of Canada boosted its stake in shares of Six Flags Entertainment Corp. by 7.5% in the first quarter. Royal Bank of Canada now owns 791,328 shares of the company’s stock valued at $43,911,000 after buying an additional 54,963 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Six Flags Entertainment Corp. during the first quarter valued at approximately $10,432,000. 88.53% of the stock is owned by hedge funds and other institutional investors.
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 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land.
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