Janney Montgomery Scott Reaffirms Buy Rating for Six Flags Entertainment Corporation New (SIX)

Janney Montgomery Scott reaffirmed their buy rating on shares of Six Flags Entertainment Corporation New (NYSE:SIX) in a report issued on Tuesday morning. Janney Montgomery Scott currently has a $70.00 target price on the stock.

Several other research analysts have also recently issued reports on SIX. B. Riley reissued a buy rating and issued a $67.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Monday, April 24th. BidaskClub raised Six Flags Entertainment Corporation New from a sell rating to a hold rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Six Flags Entertainment Corporation New from a sell rating to a hold rating in a research report on Saturday, July 29th. Stifel Nicolaus reissued a buy rating and issued a $73.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. Finally, William Blair assumed coverage on Six Flags Entertainment Corporation New in a research report on Friday, July 21st. They issued an outperform rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $66.82.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at 53.89 on Tuesday. Six Flags Entertainment Corporation New has a 12-month low of $47.61 and a 12-month high of $65.19. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 50.08 and a beta of 1.13. The firm’s 50-day moving average is $56.67 and its 200 day moving average is $59.29.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) 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 negative return on equity of 41.86% and a net margin of 7.49%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, equities analysts expect that Six Flags Entertainment Corporation New will post $1.90 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 31st will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Tuesday, August 29th. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is currently 239.25%.

In other news, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SIX. Creative Planning increased 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 valued at $132,000 after buying an additional 631 shares during the period. Washington Trust Bank increased 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 valued at $132,000 after buying an additional 231 shares during the period. State of Alaska Department of Revenue bought a new position in Six Flags Entertainment Corporation New during the first quarter valued at approximately $149,000. Ffcm LLC increased its position in Six Flags Entertainment Corporation New by 114.8% in the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock valued at $157,000 after buying an additional 1,406 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Six Flags Entertainment Corporation New by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after buying an additional 225 shares during the period. 94.54% 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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