Six Flags Entertainment Corporation New (NYSE:SIX) has been assigned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $66.89.

Several analysts have recently commented on the stock. BidaskClub raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price target on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. Finally, William Blair assumed coverage on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 21st. They set an “outperform” rating on the stock.

In other Six Flags Entertainment Corporation New news, Director Jon L. Luther purchased 3,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the purchase, the director now directly owns 53,511 shares in the company, valued at approximately $2,813,608.38. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Lance C. Balk sold 48,998 shares of the business’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 disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Davidson Kempner Capital Management LP grew its stake in shares of Six Flags Entertainment Corporation New by 438.3% during the second quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock worth $44,125,000 after purchasing an additional 602,723 shares in the last quarter. Intl Fcstone Inc. acquired a new position in shares of Six Flags Entertainment Corporation New during the second quarter worth $1,164,000. Cetera Investment Advisers acquired a new position in shares of Six Flags Entertainment Corporation New during the second quarter worth $315,000. Public Employees Retirement System of Ohio grew its stake in shares of Six Flags Entertainment Corporation New by 3.5% during the second quarter. Public Employees Retirement System of Ohio now owns 35,214 shares of the company’s stock worth $2,099,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in shares of Six Flags Entertainment Corporation New during the second quarter worth $3,838,000. Hedge funds and other institutional investors own 88.63% of the company’s stock.

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Six Flags Entertainment Corporation New (NYSE:SIX) traded up 1.97% during midday trading on Friday, hitting $58.96. The company had a trading volume of 1,412,281 shares. Six Flags Entertainment Corporation New has a 1-year low of $50.33 and a 1-year high of $65.19. The firm has a market capitalization of $5.05 billion, a P/E ratio of 54.80 and a beta of 1.15. The company has a 50 day moving average price of $54.46 and a 200 day moving average price of $58.33.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.11). The firm had revenue of $422.37 million for the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. Equities research analysts forecast that Six Flags Entertainment Corporation New will post $1.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 31st were paid a $0.64 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.56 annualized dividend and a dividend yield of 4.34%. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is 239.25%.

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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