Stifel Nicolaus restated their buy rating on shares of Six Flags Entertainment Corporation New (NYSE:SIX) in a research note issued to investors on Thursday morning. Stifel Nicolaus currently has a $72.00 target price on the stock.

Several other analysts have also recently issued reports on the stock. Macquarie cut shares of Six Flags Entertainment Corporation New from a neutral rating to an underperform rating in a research report on Thursday, July 27th. Wedbush reissued an outperform rating and set a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, June 20th. FBR & Co reissued a buy rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, July 19th. KeyCorp started coverage on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, August 30th. They set an overweight rating and a $59.00 price target on the stock. Finally, William Blair started 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $66.60.

Shares of Six Flags Entertainment Corporation New (NYSE:SIX) opened at 61.97 on Thursday. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 57.59 and a beta of 1.16. The stock has a 50 day moving average of $57.51 and a 200 day moving average of $58.51. Six Flags Entertainment Corporation New has a 12-month low of $50.52 and a 12-month high of $65.19.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.11). The company had revenue of $422.37 million for the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. Equities research analysts predict that Six Flags Entertainment Corporation New will post $1.84 earnings per share for the current fiscal year.

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In other news, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New 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 accessible through the SEC website. Also, Director Jon L. Luther purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of $52.58 per share, with a total value of $157,740.00. Following the purchase, the director now directly owns 53,511 shares in the company, valued at $2,813,608.38. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its stake in Six Flags Entertainment Corporation New by 5.9% in the 3rd quarter. Eqis Capital Management Inc. now owns 30,442 shares of the company’s stock valued at $1,855,000 after purchasing an additional 1,696 shares during the last quarter. Davidson Kempner Capital Management LP raised its stake in Six Flags Entertainment Corporation New by 438.3% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock valued at $44,125,000 after purchasing an additional 602,723 shares during the last quarter. Intl Fcstone Inc. acquired a new position in Six Flags Entertainment Corporation New in the 2nd quarter valued at about $1,164,000. Cetera Investment Advisers acquired a new position in Six Flags Entertainment Corporation New in the 2nd quarter valued at about $315,000. Finally, Public Employees Retirement System of Ohio raised its stake in Six Flags Entertainment Corporation New by 3.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 35,214 shares of the company’s stock valued at $2,099,000 after purchasing an additional 1,185 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

About Six Flags Entertainment Corporation New

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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