Six Flags Entertainment Corp (NYSE:SIX) – Stock analysts at SunTrust Banks upped their Q4 2019 earnings estimates for shares of Six Flags Entertainment in a research report issued on Wednesday, March 27th, according to Zacks Investment Research. SunTrust Banks analyst M. Swartz now anticipates that the company will earn $0.39 per share for the quarter, up from their previous forecast of $0.38. SunTrust Banks also issued estimates for Six Flags Entertainment’s FY2020 earnings at $2.88 EPS.
Several other research firms have also commented on SIX. Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 17th. Oppenheimer reduced their target price on Six Flags Entertainment from $80.00 to $68.00 in a research note on Thursday, January 17th. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, TheStreet downgraded Six Flags Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $62.40.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Thursday, February 14th. The company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.65. Six Flags Entertainment had a negative return on equity of 43.77% and a net margin of 18.86%. The business had revenue of $269.50 million for the quarter, compared to analyst estimates of $284.50 million. During the same quarter in the prior year, the firm posted $1.14 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ffcm LLC raised its stake in Six Flags Entertainment by 50.0% in the 4th quarter. Ffcm LLC now owns 492 shares of the company’s stock valued at $27,000 after purchasing an additional 164 shares during the last quarter. Mascoma Wealth Management LLC purchased a new stake in Six Flags Entertainment in the 4th quarter valued at $28,000. Westside Investment Management Inc. purchased a new stake in Six Flags Entertainment in the 4th quarter valued at $56,000. Pinnacle Bank purchased a new stake in Six Flags Entertainment in the 4th quarter valued at $58,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Six Flags Entertainment by 20.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,403 shares of the company’s stock valued at $134,000 after buying an additional 403 shares in the last quarter. 91.25% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Kurt Matthew Cellar acquired 15,000 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $49.46 per share, with a total value of $741,900.00. Following the purchase, the director now owns 70,116 shares in the company, valued at $3,467,937.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Barber sold 1,275 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $56.48, for a total value of $72,012.00. Following the completion of the transaction, the chief financial officer now directly owns 82,722 shares of the company’s stock, valued at $4,672,138.56. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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