Macquarie lowered shares of Six Flags Entertainment Corporation New (NYSE:SIX) from a neutral rating to an underperform rating in a report published on Thursday, MarketBeat Ratings reports.

Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Six Flags Entertainment Corporation New from a hold rating to a sell rating in a research report on Monday, July 24th. Zacks Investment Research raised Six Flags Entertainment Corporation New from a sell rating to a hold rating in a research report on Saturday, July 22nd. William Blair began coverage on Six Flags Entertainment Corporation New in a research report on Friday, July 21st. They set an outperform rating on the stock. FBR & Co reaffirmed a buy rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, July 19th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $66.55.

Six Flags Entertainment Corporation New (SIX) traded down 2.36% during mid-day trading on Thursday, reaching $56.62. The company’s stock had a trading volume of 798,956 shares. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 52.62 and a beta of 1.15. The stock has a 50-day moving average price of $58.66 and a 200-day moving average price of $59.88. Six Flags Entertainment Corporation New has a one year low of $47.61 and a one year high of $65.19.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.11. The company had revenue of $422.37 million for the quarter, compared to analyst estimates 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%. Six Flags Entertainment Corporation New’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. Equities research analysts forecast that Six Flags Entertainment Corporation New will post $1.93 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning raised its position in Six Flags Entertainment Corporation New by 39.8% in the first quarter. Creative Planning now owns 2,218 shares of the company’s stock worth $132,000 after buying an additional 631 shares during the period. Washington Trust Bank raised its position in Six Flags Entertainment Corporation New by 11.6% in the first quarter. Washington Trust Bank now owns 2,225 shares of the company’s stock worth $132,000 after buying an additional 231 shares during the period. State of Alaska Department of Revenue acquired a new position in Six Flags Entertainment Corporation New during the first quarter worth $149,000. Parametrica Management Ltd acquired a new position in Six Flags Entertainment Corporation New during the second quarter worth $205,000. Finally, Comerica Bank acquired a new position in Six Flags Entertainment Corporation New during the fourth quarter worth $213,000. 87.07% of the stock is currently owned by hedge funds and other institutional investors.

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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