H Partners Management LLC Has Trimmed Its Six Flags Entmt Corp New (SIX) Position by $40.19 Million; Market Value Declined

June 14, 2018 - By Ruby Caswell

Six Flags Entertainment Corporation (NYSE:SIX) Logo

Rehan Jaffer decreased its stake in Six Flags Entmt Corp New (SIX) by 7.63% based on its latest 2018Q1 regulatory filing with the SEC. H Partners Management Llc sold 648,206 shares as the company’s stock declined 3.70% with the market. The hedge fund run by Rehan Jaffer held 7.85 million shares of the services-misc. amusement & recreation company at the end of 2018Q1, valued at $488.85M, down from 8.50 million at the end of the previous reported quarter. H Partners Management Llc who had been investing in Six Flags Entmt Corp New for a number of months, seems to be less bullish one the $5.97B market cap company. The stock decreased 0.75% or $0.54 during the last trading session, reaching $71.49. About 1.04M shares traded. Six Flags Entertainment Corporation (NYSE:SIX) has risen 5.29% since June 14, 2017 and is uptrending. It has underperformed by 7.28% the S&P500.

Analysts await Six Flags Entertainment Corporation (NYSE:SIX) to report earnings on July, 25. They expect $0.93 earnings per share, up 57.63 % or $0.34 from last year’s $0.59 per share. SIX’s profit will be $77.70 million for 19.22 P/E if the $0.93 EPS becomes a reality. After $-0.74 actual earnings per share reported by Six Flags Entertainment Corporation for the previous quarter, Wall Street now forecasts -225.68 % EPS growth.

More important recent Six Flags Entertainment Corporation (NYSE:SIX) news were published by: Themiddlemarket.com which released: “M&A daily wrap: Six Flags, Comcast, Disney, Chicago Pacific Partners, Mary Tolan” on May 23, 2018, also Seekingalpha.com published article titled: “Six Flags adds five US parks to portfolio”, Seekingalpha.com published: “Stocks To Watch: Focus On E3, IHopb And The World Cup” on June 09, 2018. More interesting news about Six Flags Entertainment Corporation (NYSE:SIX) was released by: Bizjournals.com and their article: “Six Flags purchases Wet n’ Wild waterpark” with publication date: May 25, 2018.

Six Flags Entertainment Corporation (NYSE:SIX) Ratings Coverage

Among 5 analysts covering Six Flags (NYSE:SIX), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Six Flags has $8000 highest and $58 lowest target. $74.80’s average target is 4.63% above currents $71.49 stock price. Six Flags had 6 analyst reports since January 8, 2018 according to SRatingsIntel. On Monday, January 8 the stock rating was maintained by Wedbush with “Buy”. The firm has “Underperform” rating by Macquarie Research given on Thursday, April 26. The stock of Six Flags Entertainment Corporation (NYSE:SIX) has “Buy” rating given on Thursday, April 26 by B. Riley & Co. The rating was maintained by Stifel Nicolaus on Thursday, April 26 with “Buy”. The stock of Six Flags Entertainment Corporation (NYSE:SIX) has “Buy” rating given on Thursday, April 26 by FBR Capital.

Six Flags Entertainment Corporation (NYSE:SIX) Ratings Chart

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