Six Flags Entertainment Corporation New (NYSE:SIX)‘s stock had its “buy” rating reissued by research analysts at Janney Montgomery Scott in a note issued to investors on Tuesday. They currently have a $70.00 price objective on the stock. Janney Montgomery Scott’s price target points to a potential upside of 30.11% from the company’s current price.

Several other equities research analysts have also recently weighed in on SIX. BidaskClub cut Six Flags Entertainment Corporation New from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. William Blair began coverage on Six Flags Entertainment Corporation New in a research note on Friday, July 21st. They set an “outperform” rating for the company. Finally, FBR & Co reiterated a “buy” rating on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $66.82.

Six Flags Entertainment Corporation New (NYSE SIX) traded down 0.02% during midday trading on Tuesday, hitting $53.80. 1,381,261 shares of the company traded hands. Six Flags Entertainment Corporation New has a 12-month low of $47.61 and a 12-month high of $65.19. The company has a market cap of $4.60 billion, a PE ratio of 50.00 and a beta of 1.13. The stock has a 50 day moving average price of $57.21 and a 200-day moving average price of $59.40.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.11. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The firm had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. During the same quarter in the prior year, the company posted $0.64 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Six Flags Entertainment Corporation New will post $1.88 EPS for the current year.

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In other news, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Six Flags Entertainment Corporation New by 21,709.6% in the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock worth $196,215,000 after buying an additional 3,283,136 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of 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 buying an additional 3,080,574 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Six Flags Entertainment Corporation New during the second quarter valued at $77,446,000. CI Investments Inc. boosted its stake in shares of Six Flags Entertainment Corporation New by 51.7% in the first quarter. CI Investments Inc. now owns 2,610,075 shares of the company’s stock valued at $155,273,000 after buying an additional 889,300 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Six Flags Entertainment Corporation New by 7,777.6% in the first quarter. Renaissance Technologies LLC now owns 772,000 shares of the company’s stock valued at $45,926,000 after buying an additional 762,200 shares during the last quarter. 94.54% of the stock is owned by institutional investors.

Six Flags Entertainment Corporation New 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 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.

Analyst Recommendations for Six Flags Entertainment Corporation New (NYSE:SIX)

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