Six Flags Entertainment Corporation New (NYSE:SIX) – Research analysts at William Blair reduced their Q4 2017 earnings per share (EPS) estimates for Six Flags Entertainment Corporation New in a report issued on Tuesday. William Blair analyst R. Sundby now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.20. William Blair has a “Outperform” rating on the stock.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business had revenue of $422.37 million for the quarter, compared to analyst estimates of $438.04 million. During the same quarter last year, the business earned $0.64 EPS. Six Flags Entertainment Corporation New’s revenue for the quarter was up 3.8% compared to the same quarter last year.

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Several other research firms have also recently weighed in on SIX. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Thursday. BidaskClub raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Macquarie cut Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. FBR & Co reaffirmed a “buy” rating and issued a $65.00 price target on shares of Six Flags Entertainment Corporation New in a report on Monday, September 25th. Finally, Zacks Investment Research cut Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Six Flags Entertainment Corporation New currently has an average rating of “Buy” and an average price target of $66.60.

Six Flags Entertainment Corporation New (NYSE SIX) opened at 61.97 on Friday. The firm 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 price of $57.38 and a 200 day moving average price of $58.51. Six Flags Entertainment Corporation New has a 12 month low of $50.52 and a 12 month high of $65.19.

In related news, VP Lance C. Balk sold 48,998 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is available through the SEC website. Also, Director Jon L. Luther purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the transaction, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The disclosure for this purchase can be found here. Corporate insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banced Corp grew its position in Six Flags Entertainment Corporation New by 0.5% during the 2nd quarter. Banced Corp now owns 7,752 shares of the company’s stock worth $462,000 after acquiring an additional 38 shares during the last quarter. TD Asset Management Inc. grew its position in Six Flags Entertainment Corporation New by 0.4% during the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after acquiring an additional 59 shares during the last quarter. Teacher Retirement System of Texas grew its position in Six Flags Entertainment Corporation New by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock worth $347,000 after acquiring an additional 80 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Six Flags Entertainment Corporation New by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 34,029 shares of the company’s stock worth $2,024,000 after acquiring an additional 151 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Six Flags Entertainment Corporation New by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 88.63% of the company’s stock.

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.

Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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