ValuEngine lowered shares of Six Flags (NYSE:SIX) from a hold rating to a sell rating in a report published on Tuesday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Six Flags from a buy rating to a hold rating in a research report on Saturday, February 3rd. Wedbush set a $76.00 price objective on Six Flags and gave the company a buy rating in a research report on Monday, January 8th. Finally, Stifel Nicolaus restated a buy rating and set a $78.00 price objective (up from $72.00) on shares of Six Flags in a research report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. Six Flags currently has an average rating of Buy and a consensus target price of $69.50.

SIX opened at $64.00 on Tuesday. The company has a market cap of $5,347.66, a PE ratio of 30.34 and a beta of 1.13. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of -2.90. Six Flags has a 1 year low of $51.25 and a 1 year high of $70.44.

Six Flags (NYSE:SIX) last released its quarterly earnings data on Tuesday, April 24th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.05. The business had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $118.75 million. Six Flags had a negative return on equity of 31.58% and a net margin of 19.38%. Six Flags’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.63) earnings per share. research analysts predict that Six Flags will post 2.79 earnings per share for the current year.

In related news, CFO Marshall Barber sold 597 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total value of $39,742.29. Following the sale, the chief financial officer now owns 80,536 shares of the company’s stock, valued at approximately $5,361,281.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lance C. Balk sold 100,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total value of $6,567,000.00. Following the completion of the sale, the vice president now directly owns 15,738 shares in the company, valued at approximately $1,033,514.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,647 shares of company stock worth $6,610,018. 6.90% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in SIX. Parametric Portfolio Associates LLC boosted its stake in Six Flags by 37.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 305,618 shares of the company’s stock valued at $18,624,000 after buying an additional 82,955 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Six Flags by 17.2% in the 4th quarter. North Star Investment Management Corp. now owns 5,662 shares of the company’s stock valued at $377,000 after buying an additional 829 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Six Flags by 171.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,900 shares of the company’s stock valued at $193,000 after buying an additional 1,830 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Six Flags by 8.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 506,123 shares of the company’s stock valued at $33,693,000 after buying an additional 38,119 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Six Flags by 177.0% in the 4th quarter. State of Alaska Department of Revenue now owns 8,013 shares of the company’s stock valued at $533,000 after buying an additional 5,120 shares in the last quarter. 97.43% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Six Flags (NYSE:SIX)

Receive News & Ratings for Six Flags Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags and related companies with MarketBeat.com's FREE daily email newsletter.