Six Flags Entertainment Corp (NYSE:SIX) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $67.00.

SIX has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 target price on shares of Six Flags Entertainment in a research report on Thursday, October 12th. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, October 25th. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment in a research report on Friday, October 27th.

Shares of Six Flags Entertainment (SIX) traded up $0.62 during mid-day trading on Monday, hitting $65.70. The company had a trading volume of 761,833 shares, compared to its average volume of 802,095. Six Flags Entertainment has a 52-week low of $51.25 and a 52-week high of $67.93. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. The company has a market cap of $5,500.00, a price-to-earnings ratio of 31.44, a P/E/G ratio of 3.55 and a beta of 1.18.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.31. The business had revenue of $580.40 million during the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. Six Flags Entertainment’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. equities research analysts anticipate that Six Flags Entertainment will post 2.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Thursday, November 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.64. The ex-dividend date was Wednesday, November 29th. Six Flags Entertainment’s payout ratio is presently 133.97%.

In other news, CEO James Reid-Anderson sold 50,931 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $67.52, for a total value of $3,438,861.12. Following the completion of the transaction, the chief executive officer now directly owns 3,331,981 shares of the company’s stock, valued at approximately $224,975,357.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 281,085 shares of company stock valued at $18,702,788. Corporate insiders own 6.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIX. Janus Henderson Group PLC raised its position in shares of Six Flags Entertainment by 985.4% in the 2nd quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock worth $202,268,000 after acquiring an additional 3,080,574 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Six Flags Entertainment by 542.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock worth $46,718,000 after acquiring an additional 661,690 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Six Flags Entertainment by 75.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,411,729 shares of the company’s stock worth $86,030,000 after acquiring an additional 605,027 shares in the last quarter. Davidson Kempner Capital Management LP raised its position in shares of Six Flags Entertainment by 438.3% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock worth $44,125,000 after acquiring an additional 602,723 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC bought a new position in shares of Six Flags Entertainment in the 2nd quarter worth $35,168,000. 99.45% of the stock is owned by hedge funds and other institutional investors.

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About Six Flags Entertainment

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 (NYSE:SIX)

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