Is Buying Stock Like Six Flags Entertainment Corp Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Six Flags Entertainment Corp Good Idea After Today's Bullish Options Activity?

In today’s session Six Flags Entertainment Corp (SIX) registered an unusually high (1,008) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SIX increase. With 1,008 contracts traded and 1674 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SIX161118C00055000 closed last at: $0.6 or 25% down. About 254,919 shares traded hands. Six Flags Entertainment Corp (NYSE:SIX) has declined 3.69% since March 10, 2016 and is downtrending. It has underperformed by 11.21% the S&P500.

Analysts await Six Flags Entertainment Corp (NYSE:SIX) to report earnings on October, 17. They expect $1.74 EPS, up 6.10% or $0.10 from last year’s $1.64 per share. SIX’s profit will be $161.05M for 7.28 P/E if the $1.74 EPS becomes a reality. After $0.65 actual EPS reported by Six Flags Entertainment Corp for the previous quarter, Wall Street now forecasts 167.69% EPS growth.

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 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. FBR Capital upgraded the stock to “Outperform” rating in Friday, April 1 report. The rating was maintained by Credit Suisse on Friday, August 28 with “Outperform”. The rating was initiated by Stephens with “Equal-Weight” on Tuesday, April 19. Sterne Agee CRT initiated Six Flags Entertainment Corp (NYSE:SIX) rating on Tuesday, March 29. Sterne Agee CRT has “Neutral” rating and $58 price target. Macquarie Research initiated the stock with “Neutral” rating in Wednesday, December 9 report. Janney Capital initiated the stock with “Buy” rating in Tuesday, September 15 report. The stock of Six Flags Entertainment Corp (NYSE:SIX) has “Mkt Perform” rating given on Wednesday, October 21 by FBR Capital. The firm has “Outperform” rating given on Thursday, April 28 by Wedbush. The stock of Six Flags Entertainment Corp (NYSE:SIX) has “Long-Term Buy” rating given on Tuesday, August 23 by Hilliard Lyons. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, April 6 report.

According to Zacks Investment Research, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman 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 uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY.”

Six Flags Entertainment Corporation is a regional theme park operator. The company has a market cap of $4.69 billion. The Firm operates in the theme parks segment. It has a 28.34 P/E ratio. The Firm operates approximately 20 regional theme and water parks.

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 recent Six Flags Entertainment Corp (NYSE:SIX) news were published by: Investorplace.com which released: “Six Flags Entertainment Corp Commits to Using Only Cage-Free Eggs” on September 15, 2016. Also Businesswire.com published the news titled: “Six Flags and Samsung Introduce World’s First Fully Interactive Roller Coaster …” on August 05, 2016. Businesswire.com‘s news article titled: “Six Flags Announces Heroic New Lineup of Innovative Rides and Attractions for …” with publication date: September 01, 2016 was also an interesting one.

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