Short Interest Don’t Lie: Is Buying Six Flags Entertainment Corporation (NYSE:SIX) Here Good Idea?

November 16, 2016 - By Louis Casey   ·   0 Comments

Short Interest Don't Lie: Is Buying Six Flags Entertainment Corporation (NYSE:SIX) Here Good Idea?

The stock of Six Flags Entertainment Corporation (NYSE:SIX) registered a decrease of 0.79% in short interest. SIX’s total short interest was 6.29M shares in November as published by FINRA. Its down 0.79% from 6.34 million shares, reported previously. With 1.69 million shares average volume, it will take short sellers 4 days to cover their SIX’s short positions. The short interest to Six Flags Entertainment Corporation’s float is 8.58%. The stock decreased 0.81% or $0.44 during the last trading session, hitting $54.06. Six Flags Entertainment Corp (NYSE:SIX) has declined 7.62% since April 14, 2016 and is downtrending. It has underperformed by 12.31% the S&P500.

Six Flags Entertainment Corporation is a regional theme park operator. The company has a market cap of $4.83 billion. The Firm operates in the theme parks segment. It has a 43.56 P/E ratio. The Firm operates approximately 20 regional theme and water parks.

Six Flags Entertainment Corp (NYSE:SIX) Ratings Coverage

Out of 9 analysts covering Six Flags Entertainment (NYSE:SIX), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Six Flags Entertainment has been the topic of 14 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Six Flags Entertainment Corp (NYSE:SIX) earned “Equal-Weight” rating by Stephens on Tuesday, April 19. Janney Capital initiated the stock with “Buy” rating in Tuesday, September 15 report. The firm has “Outperform” rating by Credit Suisse given on Friday, August 28. The firm has “Outperform” rating by Wedbush given on Thursday, April 28. The stock of Six Flags Entertainment Corp (NYSE:SIX) has “Outperform” rating given on Friday, April 1 by FBR Capital. The rating was initiated by Macquarie Research on Wednesday, December 9 with “Neutral”. The company was initiated on Tuesday, August 23 by Hilliard Lyons. FBR Capital maintained the shares of SIX in a report on Wednesday, October 21 with “Mkt Perform” rating. On Wednesday, April 6 the stock rating was maintained by Oppenheimer with “Outperform”. FBR Capital maintained the shares of SIX in a report on Thursday, October 27 with “Outperform” rating.

SIX Company Profile

Six Flags Entertainment Corporation (Six Flags), incorporated on December 9, 1997, is a regional theme park operator. The Firm operates in the theme parks segment. The Firm operates approximately 20 regional theme and water parks. The Company’s parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land. The Company’s parks are located in geographically diverse markets across North America. The Company’s parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The Company’s parks offer approximately 830 rides, including over 130 roller coasters. The Firm holds long-term licenses for theme park usage of certain Warner Bros. and DC Comics characters throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman, The Joker and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company’s licenses include the right to sell merchandise featuring the characters at the parks, and to use the characters in its advertising, as walk-around characters and in theming for rides, attractions and retail outlets. Six Flags is also engaged in the sale of food and beverages, merchandise, games and attractions, parking and other services inside its parks.

More news for Six Flags Entertainment Corp (NYSE:SIX) were recently published by: Reuters.com, which released: “Six Flags aiming to open first Saudi park by 2021” on November 15, 2016. Wsj.com‘s article titled: “Six Flags Posts Surprise Decline in Revenue, Hurt by Adverse Weather” and published on October 26, 2016 is yet another important article.

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By Louis Casey


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