Six Flags Entertainment Corporation New (NYSE:SIX) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

A number of other research firms have also recently weighed in on SIX. Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. B. Riley reaffirmed a “buy” rating and set a $67.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Saturday, April 29th. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Wedbush lowered their price objective on shares of Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, June 8th. 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 for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Six Flags Entertainment Corporation New has an average rating of “Hold” and a consensus target price of $66.55.

Shares of Six Flags Entertainment Corporation New (NYSE SIX) traded down 0.09% during mid-day trading on Thursday, reaching $54.55. 120,721 shares of the company’s stock traded hands. Six Flags Entertainment Corporation New has a 12-month low of $47.61 and a 12-month high of $65.19. The company’s 50-day moving average price is $57.90 and its 200-day moving average price is $59.60. The stock has a market capitalization of $4.67 billion, a PE ratio of 50.70 and a beta of 1.13.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted 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 firm had revenue of $422.37 million during the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. Analysts anticipate that Six Flags Entertainment Corporation New will post $1.88 earnings per share for the current year.

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In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 can be accessed through the SEC website. 6.90% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Six Flags Entertainment Corporation New by 2,062.3% in the first quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock worth $14,855,000 after buying an additional 238,134 shares during the period. Renaissance Technologies LLC acquired a new stake in Six Flags Entertainment Corporation New during the fourth quarter worth about $588,000. Westfield Capital Management Co. LP raised its stake in Six Flags Entertainment Corporation New by 72.5% in the first quarter. Westfield Capital Management Co. LP now owns 980,622 shares of the company’s stock worth $58,337,000 after buying an additional 412,040 shares during the period. Parametric Portfolio Associates LLC raised its stake in Six Flags Entertainment Corporation New by 20.9% in the first quarter. Parametric Portfolio Associates LLC now owns 214,016 shares of the company’s stock worth $12,732,000 after buying an additional 36,941 shares during the period. Finally, GW&K Investment Management LLC raised its stake in Six Flags Entertainment Corporation New by 2.7% in the second quarter. GW&K Investment Management LLC now owns 846,542 shares of the company’s stock worth $50,462,000 after buying an additional 22,205 shares during the period. Institutional investors own 94.18% 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.

Analyst Recommendations for Six Flags Entertainment Corporation New (NYSE:SIX)

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