SIX - Six Flags Entertainment Corporation

NYSE - NYSE Delayed Price. Currency in USD
25.20
+0.03 (+0.12%)
At close: 4:00PM EDT
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Previous Close25.17
Open27.96
Bid25.30 x 800
Ask25.50 x 1000
Day's Range24.71 - 28.24
52 Week Range8.75 - 59.52
Volume6,951,649
Avg. Volume4,894,850
Market Cap2.13B
Beta (5Y Monthly)2.23
PE Ratio (TTM)13.08
EPS (TTM)1.93
Earnings DateJul. 22, 2020 - Jul. 27, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 03, 2020
1y Target Est20.88
  • Six Flags to Reopen Its Texas Theme Park June 18; Other Openings to Follow Quickly
    Motley Fool

    Six Flags to Reopen Its Texas Theme Park June 18; Other Openings to Follow Quickly

    Six Flags Entertainment (NYSE: SIX) just announced that Six Flags Over Texas will reopen on June 18, slightly more than two weeks after it reopened its Great Adventure Safari in New Jersey on May 30. Its Oklahoma City theme park, Frontier City, opened June 5 with limited-capacity access. Only unlimited season pass holders who are part of the company's loyalty program will be admitted into the Six Flags Over Texas park, located in Arlington, for the first four days.

  • Bloomberg

    Too Much Uncertainty? The World Has Always Been Like This

    (Bloomberg Opinion) -- Euphemisms allow us to avoid confronting the cold, hard truth. Their ambiguity makes the terrible seem merely bad and the bad seem almost OK. It is a softening of subjective reality that allows us to happily live in deluded denial. This isn't a great strategy for relationships, for careers and, especially, for investors.Consider that we no longer have car crashes that kill more than 40,000 Americans a year. Instead, we have “accidents” caused by inattentive, reckless or -- to use a euphemism --impaired drivers. Companies don’t fire thousands of employees at a time, driving the unemployment rate higher; they downsize or, even worse, right-size. Even the word euphemism is itself a euphemism. It is a lie designed to hide an ugly truth from ourselves. “Banana” was an infamous economic euphemism during the 1970s. Alfred Kahn, then chairman of the Council on Wage and Price Stability, was told never to use the word “depression” or even "recession" when speaking at the White House or in public. To warn of potential economic trouble, he discussed "the worst banana you ever saw."As it turns out, refusing to use the word “recession” was a poor political strategy for Kahn’s boss, President Jimmy Carter. He lost his re-election bid in a landslide. Or perhaps it goes down easier to note that Carter “came in second” due to a “kumquat.”(1)Euphemisms don't help us make better decisions or confront challenges directly. As reported by Bloomberg News and the New York Times, the skyrocketing use of the word “unprecedented” during quarterly earnings conference calls serves as a reminder. We all understand the extent of lockdown orders, with second-quarter gross domestic product cut in half. But here's the issue: Investors don't expect management to be clairvoyant, but they do expect them to have plans for when disaster strikes and to execute that plan when necessary. This leads to three basic questions investors should ask corporate management:No. 1. What did you do to prepare for this sort of event?No. 2. How are you managing in the crisis?No. 3. What are your plans for the post-pandemic future?Some companies are much better situated by dint of their business model than others. Netflix Inc. is a natural winner in an era of sheltering at home. But entertainment giant Walt Disney Co., with its theme parks and theatrical films, was badly hit by the pandemic. It also had the foresight to diversify from those “live” businesses, with new services such as the Disney+ streaming service, which now has more than 55 million paying subscribers. Unprecedented events did not derail it from planning for home entertainment and executing that plan. Other live entertainment companies such as Live Nation Entertainment Inc., Madison Square Garden Entertainment Corp. or Six Flags Entertainment Corp. were not as prescient. Consider retail companies such as Amazon.com Inc., Target Corp. and Walmart Inc. -- all have done an excellent job executing a so-called last-mile strategy. Other retailers selling essentials to the same customers have not. Investors judge these managements, in part, by how they respond to a crisis like Covid-19. This particular event never happened before, but shareholders still want to know how corporate chiefs plan on managing it.The overemphasis on "unprecedented" deserves attention because it's so trite. Novel, first-time events occur with startling regularity. The normal state of human affairs has been persistent and unprecedented change. It isn't just the global health risks of this moment; it is true in every sphere of human endeavor. The default setting of humanity is to create new ideas, innovations, concepts, business models, technologies and solutions.Under the best of circumstances, we have limited “visibility” -- another euphemism -- about almost everything. Consider corporate revenues and profits. Look how often companies update, amend and revise quarterly earnings “guidance” -- one more euphemism, this one for "forecast." Yes, these forecasts become more accurate as the end of a quarter approaches, but that's only because more hard data has accumulated. In the end, it only comes down to informed guesswork.These may be unprecedented times, but they are not really out of the ordinary. Uncertainty always rules, and no one ever knows the future. For that reasons, no one really knows or even has a good sense of when the economy will recover, how many will die and when the pandemic will be over. Pretending otherwise with euphemisms does not make it any less so.Just remember that there is exactly the same amount of uncertainty now about the future as there always is. During times of crisis, you simply lose the ability to fool yourself about it.(1) When the United Fruit Co., a large banana producer, objected to the use of the word “banana,” Kahn shifted his choice of euphemism to "kumquat.” Really.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Live Nation, Six Flags, and SeaWorld Stocks All Popped 10% (and More) Today
    Motley Fool

    Why Live Nation, Six Flags, and SeaWorld Stocks All Popped 10% (and More) Today

    There's a riot going on downtown and coronavirus running rampant in the streets. Who's up for a fun day at the park?

  • Why Six Flags Stock Gained 15% in May
    Motley Fool

    Why Six Flags Stock Gained 15% in May

    What happened Six Flags (NYSE: SIX) shareholders outperformed a surging market last month. The stock rose 15% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.

  • Why Six Flags Stock Slumped 12% Today
    Motley Fool

    Why Six Flags Stock Slumped 12% Today

    Shares of amusement park operator Six Flags (NYSE: SIX) closed down 11.8% in Thursday trading after getting hit by an "initiation at sell" recommendation from investment heavyweight Goldman Sachs. Six Flags stock closed above $27 in Wednesday trading, but Goldman Sachs says the stock is only worth $22. After declining in price more than $3 Thursday, the stock is already more than halfway to Goldman's target.

  • Six Flags Surges 12% on Reopening Plan for First U.S. Theme Park
    Bloomberg

    Six Flags Surges 12% on Reopening Plan for First U.S. Theme Park

    (Bloomberg) -- Six Flags Entertainment Corp. will reopen its theme park in Oklahoma City on June 5, setting an array of safety protocols for one of the first such debuts in the U.S. since the start of the coronavirus pandemic.The Frontier City park will reopen with limited capacity and will feature thermal-imaging temperature checks, mandatory face masks and pervasive physical-distancing markers, the Grand Prairie, Texas-based company said in a statement Tuesday.Six Flags shares rose as much as 12% to $26.39 in New York trading. They were down 48% this year through Friday.The company didn’t specify the initial attendance limit but said it would be “well below the park’s theoretical capacity.” The first three days will be restricted to Six Flags members and season-pass holders, with visitor counts later gradually increasing through the month of June.“Frontier City, like all Six Flags parks, is an outdoor attraction that poses a significantly lower risk of exposure than indoor venues,” Six Flags Chief Executive Officer Mike Spanos said in the statement. “Because our parks cover dozens or even hundreds of acres, we can easily manage guest throughput to achieve proper social distancing.”Besides Six Flags, rival pure-play theme-park operators Cedar Fair LP and SeaWorld Entertainment Inc. have suffered big stock declines this year. Diversified entertainment giants with park operations, such as Walt Disney Co. and Universal Studios parent Comcast Corp., have fallen as well. Disney recently reopened a shopping area at one of its Orlando, Florida, attractions, and Universal presented Florida with a reopening plan last week.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Six Flags Announces Extensive New Safety Measures for Reopening Parks
    Business Wire

    Six Flags Announces Extensive New Safety Measures for Reopening Parks

    Six Flags Entertainment Corporation, the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that Frontier City in Oklahoma City, Oklahoma, will reopen with limited capacity beginning June 5, 2020. In accordance with Governor Stitt’s Open Up and Recover Safely Plan (OURS), and following Mayor Holt’s recent proclamation allowing businesses to reopen, the park will begin operating at reduced attendance levels and will operate in a preview mode June 5-7 for Members and Season Pass Holders only. After a short initial reopening phase, the park will gradually increase attendance levels throughout the month. The park is implementing extensive new safety measures and hygiene protocols, including several new advanced technology systems to protect guests and employees.

  • Is Six Flags Stock a Buy?
    Motley Fool

    Is Six Flags Stock a Buy?

    Six Flags Entertainment (NYSE: SIX) stock has been on quite a roller coaster ride since late February, falling from around $40 per share to just $10 before recovering partially to $23 as of this writing. Let's see what drove the the stock's freefall earlier this year and determine if Six Flags actually makes for a wise investment. Six Flag stakes its claim as the world's largest regional theme park operator and North America's largest water park operator based on number of parks.

  • Six Flags to Open Its Great Adventure Safari to Private Vehicle Drive-Through on May 30
    Motley Fool

    Six Flags to Open Its Great Adventure Safari to Private Vehicle Drive-Through on May 30

    Tigers, giraffes, rhinoceroses, baboons, and many other exotic beasts will soon be available for people cooped up for weeks by coronavirus to view at the Great Adventure animal park in New Jersey, Six Flags (NYSE: SIX) announced in a press release today. The amusement park company will open the gates to its 350-acre animal exhibit on Saturday, May 30, requiring visitors to book advance reservations in order to access the attraction. Six Flags and other theme park operators have sustained a heavy financial blow from the COVID-19 pandemic.

  • Why Amusement Park Stocks Rocketed on Monday
    Motley Fool

    Why Amusement Park Stocks Rocketed on Monday

    Optimism for a COVID-19 vaccine helps, but early outcomes of reopening efforts by Disney and Universal may matter a lot more.

  • Six Flags Plans to Reopen Its Drive-Thru Safari Theme Park
    Motley Fool

    Six Flags Plans to Reopen Its Drive-Thru Safari Theme Park

    New Jersey is slowly opening back up for business -- and as it turns out, that's good news for Six Flags Entertainment Corporation (NYSE: SIX). On Wednesday, New Jersey Governor Phil Murphy announced that "drive-thru and drive-in events" can reopen for business immediately -- so long as vehicles either keep their windows closed, or maintain at least six feet of distance from one another. This is good news for Six Flags because, as luck would have it, the amusement park company happens to have just such a drive-thru experience handy in New Jersey -- its "Safari Adventure," through which customers can drive in their cars and view "more than 1,200 exotic animals" at Six Flags Great Adventure park.

  • Six Flags Rolls Out a Reservation, Waitlist System to Promote Social Distancing
    Motley Fool

    Six Flags Rolls Out a Reservation, Waitlist System to Promote Social Distancing

    Guests will notice changes in the ticketing and park experiences while the COVID-19 threat persists.

  • Six Flags Introduces New Guest Reservation System to Ensure Proper Social Distancing
    Business Wire

    Six Flags Introduces New Guest Reservation System to Ensure Proper Social Distancing

    Six Flags Entertainment Corporation, the world’s largest regional theme park company, and the largest operator of waterparks in North America, today announced the launch of an innovative, new guest reservation system. The user-friendly process will allow parks to manage daily attendance levels and avoid overcrowding in accordance with Centers for Disease Control recommendations on social distancing.

  • Business Wire

    ATTENTION SIX FLAGS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Six Flags Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

    KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Six Flags Entertainment (NYSE:SIX) ("Six Flags") who held large, unhedged concentrated positions in Six Flags stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Six Flags stock.

  • 5 Dangerous Stocks You Should Avoid Like the Plague
    Motley Fool

    5 Dangerous Stocks You Should Avoid Like the Plague

    Ever since passengers started getting stranded in quarantine situations on cruise ships back in February due to the coronavirus outbreaks, it was clear the cruise ship industry would suffer a major blow. Cruise ships -- with their crowded living spaces, constant exposure to new lands and people, and limited medical facilities and supplies -- are nearly perfect breeding grounds for the highly contagious virus. Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) have been forced to halt cruises as a result of efforts to halt the pandemic following multiple outbreaks of COVID-19 aboard their ships.

  • Why Six Flags Stock Gained 60% in April
    Motley Fool

    Why Six Flags Stock Gained 60% in April

    Six Flags' (NYSE: SIX) shares dramatically outperformed the market last month, soaring 60% compared to a 13% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally only erased a portion of shareholders' recent paper losses, though, with declines weighing in at 55% so far in 2020. Investors became intensely pessimistic about the entertainment business following COVID-19 developments that forced closures of all of Six Flags' parks through most of the spring season.

  • Thomson Reuters StreetEvents

    Edited Transcript of SIX earnings conference call or presentation 30-Apr-20 1:00pm GMT

    Q1 2020 Six Flags Entertainment Corp Earnings Call

  • Six Flags Entertainment Corp (SIX) Q1 2020 Earnings Call Transcript
    Motley Fool

    Six Flags Entertainment Corp (SIX) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Six Flags Entertainment Corp (NYSE: SIX)Q1 2020 Earnings CallApr 30, 2020, 9:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, ladies and gentlemen.

  • Six Flags Announces First Quarter Earnings
    Business Wire

    Six Flags Announces First Quarter Earnings

    Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced first quarter 2020 earnings, and updated its response to the COVID-19 pandemic.

  • Why SeaWorld and Six Flags Jumped 10% Out of the Gate on 4/29
    Motley Fool

    Why SeaWorld and Six Flags Jumped 10% Out of the Gate on 4/29

    Although investors have become increasingly bullish on amusement park owners of late, medical news was probably behind the current advance.

  • Why Six Flags, SeaWorld, Cedar Fair, and Disney Stock Rocketed Higher on Monday
    Motley Fool

    Why Six Flags, SeaWorld, Cedar Fair, and Disney Stock Rocketed Higher on Monday

    Amusement parks got a shot in the arm as investors started to think about a future beyond the COVID-19 shutdown.

  • GlobeNewswire

    NYSE: SIX Investor Notice: Lawsuit against Six Flags Entertainment Corporation announced by Shareholders Foundation

    SAN DIEGO, April 27, 2020 -- Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: SIX shares. Investors, who purchased shares of Six.

  • Cash-Heavy Hits (and Misses)
    Morningstar

    Cash-Heavy Hits (and Misses)

    The promise and peril of holding big cash stakes in open-end mutual funds.

  • Closing of $725 Million Senior Secured Notes Offering and Amendment to Credit Facility by Six Flags
    Business Wire

    Closing of $725 Million Senior Secured Notes Offering and Amendment to Credit Facility by Six Flags

    Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that its indirect, wholly-owned subsidiary, Six Flags Theme Parks Inc. ("SFTP") has closed its private offering of $725 million aggregate principal amount of senior secured notes. The net proceeds from this offering will be used to repay indebtedness and the remaining amount for general corporate matters and working capital purposes, including expenses relating to the transaction.