Six Flags Entertainment Corp SIX Stock Price & News

”International Expansion Continues with Six Flags-Branded Park in Saudi Arabia”. ”Six Flags and Riverside Partner with Turner to Offer New Attractions”. In 2012, Jim Reid-Anderson stated that the company would sell its stake in Dick Clark Productions.

Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. But it has a trump card to handle its debt since it owns hundreds of acres of real estate.

This type of order allows you to sell the stock immediately and it guarantees that the order will be executed without specifying the price of execution. Market orders typically get filled at or near the bid price when selling stock, just as they are filled near the offer price when buying. Several indicators in the stock market exist, and the Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator.

As part of the acquisition, Premier Parks had the opportunity to open more European theme parks with Warner Bros. Movie World on the Gold Coast, Australia was not part of the deal. The same transaction saw Premier Parks obtain exclusive rights for Warner Bros. licensing in Europe and Latin America, in addition to their existing rights for the United States and Canada.

Bull of the Day: Six Flags (SIX)

Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. On February 18, 2016, Six Flags announced that Jim Reid-Anderson had been promoted as executive chairman and John M. Duffey succeeded him as president and CEO.

Junior note https://1investing.in/ers, including hedge funds Stark Investments and Pentwater Capital Management, assumed control of the company, while senior note holders were paid in cash. Despite objections from some parties who stood to gain nothing, the bankruptcy judge approved the plan on April 30, 2010. As part of the settlement, chairman of the board Dan Snyder was removed, while chief executive officer Mark Shapiro briefly remained in his post.

Things Under the Radar This Week

To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. In addition, Six Flags Entertainment Corporation New has a VGM Score of A . Valuation metrics show that Six Flags Entertainment Corporation New may be undervalued.

• This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone.
• State of Alaska Department of Revenue now owns 51,583 shares of the company’s stock valued at $1,199,000 after acquiring an additional 402 shares during the period.
• Sign-up to receive the latest news and ratings for Six Flags Entertainment and its competitors with MarketBeat’s FREE daily newsletter.

The most common use of outperform is for a rating that is above a neutral or a hold rating and below a strong buy rating. Outperform means that the company will produce a better rate of return than similar companies, but the stock may not be the best performer in the index. In theory, a PEG ratio value of 1 represents a perfect correlation between the company’s market value and its projected earnings growth. PEG ratios higher than 1.0 are generally considered unfavorable, suggesting a stock is overvalued.

Should you invest $1,000 in Six Flags Entertainment right now?

In contrast, the net what happens if you break a non-disclosure agreement that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. Our testing substantiates this with the optimum range for price performance between 0-20. The detailed multi-page Analyst report does an even deeper dive on the company’s vital statistics. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. When there are no buyers, you can’t sell your shares—you’ll be stuck with them until there is some buying interest from other investors. A buyer could pop in a few seconds, or it could take minutes, days, or even weeks in the case of very thinly traded stocks.

Bureau of Labor Statistics, inflation for the year leading up to August was 8.3%. This number was reported on Sept. 13, and Six Flags’ stock moved little then. Perhaps it was because these inflation numbers look backwards and don’t really tell where things are headed. What analysts recommend for SIX stock, on a scale from 1 to 5.

A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. So be sure to compare it to its group when comparing stocks in different industries. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings.

”Vietnam joins China, Dubai as international sites for Grand Prairie-based Six Flags parks”. A water park version of the virtual system called Q-band was first tested at Six Flags White Water in 2011. Guests wear waterproof RFID wristbands that can be scanned at kiosks near participating water park attractions. All these categorised parks were all sold to StarParks in 2004, unless noted.

The P/E ratio of Six Flags Entertainment is 19.95, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.59. 92.11% of the stock of Six Flags Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. MarketBeat has tracked 5 news articles for Six Flags Entertainment this week, compared to 7 articles on an average week.

Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of SIX, demonstrate its potential to outperform the market. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors. Six Flags Entertainment Corporation, formerly Six Flags Theme Park, Inc., is an American amusement park corporation, headquartered in Arlington, Texas. Six Flags owns the most theme parks and waterparks combined of any amusement-park company and has the seventh highest attendance in the world.

It’s calculated by averaging the closing stock price over the previous 50 trading days. Six Flags Entertainment Corp 50-day moving average is $26.88. On September 12, Six Flags Chief Executive Officer Kieran Burke announced that Six Flags AstroWorld would be closed and demolished at the end of the 2005 season. In 2004, Six Flags began to close and sell properties in an effort to help alleviate the company’s growing debt.

This is a decrease of -83% compared to the previous 30 days. Only 22 people have searched for SIX on MarketBeat in the last 30 days. Six Flags Entertainment does not have a long track record of dividend growth. Short interest in Six Flags Entertainment has recently increased by 10.41%, indicating that investor sentiment is decreasing significantly. 6.60% of the float of Six Flags Entertainment has been sold short. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

• In 1988, Tierco shifted its strategic direction to amusement parks.
• The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010.
• With the new owners came a more abundant supply of capital for geographic expansion and park additions.
• Six Flags reported an EPS of $0.16 in its last earnings report, missing expectations of $0.172.
• If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade.

In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares. A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in Six Flags Entertainment by 0.8% in the fourth quarter. State of Alaska Department of Revenue now owns 51,583 shares of the company’s stock valued at $1,199,000 after acquiring an additional 402 shares during the period. CWM LLC lifted its stake in shares of Six Flags Entertainment by 51.7% in the fourth quarter. CWM LLC now owns 1,186 shares of the company’s stock valued at $28,000 after purchasing an additional 404 shares during the period.

Construction of Six Flags Over Texas started in 1960 and the park opened the next year for a short (45-day) season. The park initially featured a Native American village, a gondola ride, a railroad, some Wild West shows, a stagecoach ride and ”Skull Island”, a pirate-themed adventure attraction. There was also an excursion, inspired by the historical La Salle Expeditions in the late 1600s, called ”LaSalle’s River Adventure”, aboard French riverboats through a wilderness full of animated puppets. Over the years, all of those attractions, except the railroad, were replaced by others, such as roller coasters, swing rides, log flumes and shoot-the-chute rides, as well as an observation tower.

On March 10, Six Flags sold its European parks, with the exception of the Movie World park in Madrid, Spain, to Star Parks, a division of Palamon Capital Partners. The Madrid park was sold to Time Warner and renamed ”Parque Warner Madrid”. In April, Six Flags determined that the investment required to keep Worlds of Adventure competitive with Cedar Point in Ohio would be too great, leading to that park being sold to Cedar Fair. All Looney Tunes and DC Comics character branding was removed upon sale to Cedar Fair, since the latter owns the licensing rights to neither franchise. These sales raised $345 million in an effort to relieve Six Flags’ massive debt. Also in 1984, as a result of its acquisition of Great America, Six Flags acquired the rights to Time Warner/Warner Bros.’ Looney Tunes animated characters for use in Six Flags properties.

Plans were made to direct the available proceeds to enhance the existing theme parks of Motiongate and Bollywood Parks. On October 2, 2019, Reuters reported that Six Flags Entertainment Corporation had approached competitor Cedar Fair with an acquisition offer. Sources said that Cedar Fair was considering Six Flags’ cash-and-stock offer, but there was no certainty that a deal would be reached. On October 4, 2019, Cedar Fair rejected Six Flags’ offer to purchase. On October 24, 2019, Six Flags Entertainment Corporation announced that Jim Reid-Anderson would retire and Mike Spanos would be president and CEO of the company on November 18, 2019. Premier Parks originally operated as the Tierco Group, Inc., an Oklahoma-based real estate company.