Six Flags (NYSE:SIX) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Six Flags from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Saturday, February 17th. Stifel Nicolaus reissued a “buy” rating and issued a $78.00 price objective (up previously from $72.00) on shares of Six Flags in a report on Wednesday, February 21st. Macquarie boosted their price objective on Six Flags from $56.00 to $58.00 and gave the company an “underperform” rating in a report on Thursday, April 26th. Finally, B. Riley boosted their price objective on Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. Six Flags has a consensus rating of “Buy” and a consensus price target of $69.55.
Shares of SIX opened at $64.26 on Wednesday. Six Flags has a one year low of $63.65 and a one year high of $64.46. The company has a quick ratio of 0.30, a current ratio of 0.37 and a debt-to-equity ratio of -2.90. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 30.17 and a beta of 1.13.
Six Flags (NYSE:SIX) last issued its quarterly earnings results on Tuesday, April 24th. The company reported ($0.74) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.79) by $0.05. Six Flags had a negative return on equity of 31.58% and a net margin of 19.38%. The company had revenue of $128.96 million during the quarter, compared to analysts’ expectations of $118.75 million. During the same quarter in the previous year, the firm posted ($0.63) EPS. The firm’s revenue was up 29.6% compared to the same quarter last year. equities research analysts expect that Six Flags will post 2.85 earnings per share for the current year.
In other Six Flags news, CFO Marshall Barber sold 597 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the completion of the sale, the chief financial officer now directly owns 80,536 shares in the company, valued at approximately $5,361,281.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lance C. Balk sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total value of $6,567,000.00. Following the sale, the vice president now owns 15,738 shares of the company’s stock, valued at $1,033,514.46. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new stake in Six Flags during the 4th quarter worth approximately $3,282,000. Teachers Advisors LLC increased its stake in Six Flags by 1.2% during the 4th quarter. Teachers Advisors LLC now owns 75,132 shares of the company’s stock worth $5,002,000 after buying an additional 874 shares in the last quarter. Millennium Management LLC purchased a new stake in Six Flags during the 4th quarter worth approximately $20,136,000. BB&T Securities LLC increased its stake in Six Flags by 2.7% during the 4th quarter. BB&T Securities LLC now owns 40,300 shares of the company’s stock worth $2,682,000 after buying an additional 1,041 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Six Flags during the 4th quarter worth approximately $10,293,000. Institutional investors own 98.13% of the company’s stock.
Six Flags Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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