Six Flags Entertainment Corp. (NYSE:SIX) – Equities researchers at Oppenheimer Holdings decreased their FY2016 earnings estimates for Six Flags Entertainment Corp. in a research report issued to clients and investors on Thursday. Oppenheimer Holdings analyst I. Zaffino now forecasts that the brokerage will post earnings of $1.79 per share for the year, down from their prior forecast of $1.94. Oppenheimer Holdings currently has a “Outperform” rating and a $65.00 target price on the stock.

Several other brokerages have also recently issued reports on SIX. Zacks Investment Research cut shares of Six Flags Entertainment Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $50.39 target price (down from $64.00) on shares of Six Flags Entertainment Corp. in a report on Thursday, August 25th. Hilliard Lyons started coverage on shares of Six Flags Entertainment Corp. in a report on Tuesday, August 23rd. They issued a “buy” rating for the company. TheStreet raised shares of Six Flags Entertainment Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Finally, B. Riley reaffirmed a “buy” rating and issued a $65.00 target price on shares of Six Flags Entertainment Corp. in a report on Tuesday, July 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $60.88.

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

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

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

In related news, SVP Walter Hawrylak sold 22,883 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,154,905.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance C. Balk sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the sale, the vice president now owns 90,343 shares of the company’s stock, valued at $5,340,174.73. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of SIX. Macquarie Group Ltd. purchased a new position in shares of Six Flags Entertainment Corp. during the second quarter valued at $1,576,000. Royal Bank of Canada increased its position in shares of 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 valued at $50,882,000 after buying an additional 86,692 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Six Flags Entertainment Corp. by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 30,455 shares of the company’s stock valued at $1,765,000 after buying an additional 422 shares in the last quarter. Calvert Investment Management Inc. increased its position in shares of Six Flags Entertainment Corp. by 41.8% in the second quarter. Calvert Investment Management Inc. now owns 5,546 shares of the company’s stock valued at $321,000 after buying an additional 1,636 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Six Flags Entertainment Corp. by 29.9% in the second quarter. Stifel Financial Corp now owns 38,896 shares of the company’s stock valued at $2,256,000 after buying an additional 8,948 shares in the last quarter. 88.53% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Corp. 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 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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