SunTrust Banks Weighs in on Six Flags Entertainment Corporation New’s Q3 2017 Earnings (NYSE:SIX)

Six Flags Entertainment Corporation New (NYSE:SIX) – Stock analysts at SunTrust Banks lowered their Q3 2017 EPS estimates for shares of Six Flags Entertainment Corporation New in a report issued on Wednesday. SunTrust Banks analyst M. Swartz now forecasts that the company will post earnings per share of $1.82 for the quarter, down from their prior estimate of $1.88. SunTrust Banks currently has a “Buy” rating and a $66.00 target price on the stock.

SIX has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $69.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Monday, May 1st. Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. ValuEngine raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Wedbush reissued an “outperform” rating and set a $70.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, June 20th. Finally, Hilliard Lyons lowered Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $66.55.

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Six Flags Entertainment Corporation New (NYSE SIX) opened at 56.86 on Monday. Six Flags Entertainment Corporation New has a 12 month low of $47.61 and a 12 month high of $65.19. The firm has a market cap of $4.87 billion, a P/E ratio of 52.84 and a beta of 1.15. The stock has a 50 day moving average of $58.46 and a 200-day moving average of $59.81.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.11. The firm had revenue of $422.37 million during 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%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Six Flags Entertainment Corporation New by 21,709.6% in the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock valued at $196,215,000 after buying an additional 3,283,136 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Six Flags Entertainment Corporation New during the second quarter valued at about $77,446,000. CI Investments Inc. increased its stake in shares of Six Flags Entertainment Corporation New by 51.7% in the first quarter. CI Investments Inc. now owns 2,610,075 shares of the company’s stock valued at $155,273,000 after buying an additional 889,300 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Six Flags Entertainment Corporation New by 7,777.6% in the first quarter. Renaissance Technologies LLC now owns 772,000 shares of the company’s stock valued at $45,926,000 after buying an additional 762,200 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Six Flags Entertainment Corporation New by 9.4% in the first quarter. William Blair Investment Management LLC now owns 5,271,644 shares of the company’s stock valued at $313,610,000 after buying an additional 452,974 shares in the last quarter. 87.07% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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