Six Flags Entertainment Corp. (NYSE:SIX) – Equities research analysts at Oppenheimer Holdings decreased their FY2016 EPS estimates for Six Flags Entertainment Corp. in a research note issued on Thursday. Oppenheimer Holdings analyst I. Zaffino now anticipates that the firm will post earnings of $1.79 per share for the year, down from their previous forecast of $1.94. Oppenheimer Holdings has a “Outperform” rating and a $65.00 price objective on the stock.

Six Flags Entertainment Corp. (NYSE:SIX) last released its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.06. Six Flags Entertainment Corp. had a return on equity of 3,451.32% and a net margin of 13.19%. The business had revenue of $407 million for the quarter, compared to analysts’ expectations of $406.13 million. During the same quarter last year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year.

Several other analysts also recently weighed in on SIX. B. Riley reaffirmed a “buy” rating and set a $65.00 target price on shares of Six Flags Entertainment Corp. in a research note on Tuesday, July 26th. Zacks Investment Research downgraded Six Flags Entertainment Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. FBR & Co dropped their price objective on Six Flags Entertainment Corp. from $65.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. TheStreet raised Six Flags Entertainment Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Janney Montgomery Scott reissued 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. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $60.88.

Six Flags Entertainment Corp. (NYSE:SIX) opened at 51.93 on Monday. The company’s 50-day moving average price is $51.15 and its 200 day moving average price is $55.83. The stock has a market capitalization of $4.82 billion, a P/E ratio of 29.37 and a beta of 1.56. Six Flags Entertainment Corp. has a 52-week low of $44.04 and a 52-week high of $62.69.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.58 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.47%. Six Flags Entertainment Corp.’s dividend payout ratio is 128.89%.

In related news, VP Lance C. Balk sold 20,000 shares of Six Flags Entertainment Corp. 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 sale, the vice president now owns 90,343 shares of the company’s stock, valued at $5,340,174.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Walter Hawrylak sold 22,883 shares of Six Flags Entertainment Corp. 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 disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SIX. Vanguard Group Inc. boosted its stake in Six Flags Entertainment Corp. by 8.9% in the second quarter. Vanguard Group Inc. now owns 5,619,046 shares of the company’s stock worth $325,623,000 after buying an additional 458,380 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Six Flags Entertainment Corp. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,035,185 shares of the company’s stock worth $112,932,000 after buying an additional 31,076 shares during the last quarter. Columbus Circle Investors purchased a new stake in Six Flags Entertainment Corp. during the second quarter worth about $65,948,000. State Street Corp boosted its stake in Six Flags Entertainment Corp. by 2.7% in the first quarter. State Street Corp now owns 991,660 shares of the company’s stock worth $55,026,000 after buying an additional 25,607 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Six Flags Entertainment Corp. by 11.0% in the second quarter. Royal Bank of Canada now owns 878,020 shares of the company’s stock worth $50,882,000 after buying an additional 86,692 shares during the last quarter. 88.53% of the stock is owned by hedge funds and other institutional investors.

About Six Flags Entertainment Corp.

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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