SIX Dec 2019 52.500 call

OPR - OPR Delayed Price. Currency in USD
0.0500
0.0000 (0.00%)
As of 9:30AM EST. Market open.
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Previous Close0.0500
Open0.0500
Bid0.0000
Ask0.0000
Strike52.50
Expire Date2019-12-20
Day's Range0.0700 - 0.1500
Contract RangeN/A
Volume1
Open InterestN/A
  • Hedge Funds Have Never Been This Bullish On Six Flags Entertainment (SIX)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Six Flags Entertainment (SIX)

    While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]

  • First Theme Park on the West Coast Powered by Solar is Six Flags Discovery Kingdom
    Business Wire

    First Theme Park on the West Coast Powered by Solar is Six Flags Discovery Kingdom

    Six Flags Discovery Kingdom, the Thrill Capital of Northern California, in partnership with sPower and Borrego Solar Systems, made the official switch to solar power at a special event to kick off the park’s 12th annual Holiday in the Park, the first to be powered by renewable energy. The event included remarks by Congressman Mike Thompson and Vallejo Mayor Bob Sampayan, who flipped the giant, ceremonial switch, officially flipping the park to solar energy, and turning on millions of twinkling lights to the delight of everyone in attendance.

  • Wellcare, Occidental, Six Flags, Dropbox and Zoom Video highlighted as Zacks Bull and Bear of the Day
    Zacks

    Wellcare, Occidental, Six Flags, Dropbox and Zoom Video highlighted as Zacks Bull and Bear of the Day

    Wellcare, Occidental, Six Flags, Dropbox and Zoom Video highlighted as Zacks Bull and Bear of the Day

  • Bear of the Day: Six Flags (SIX)
    Zacks

    Bear of the Day: Six Flags (SIX)

    Bear of the Day: Six Flags (SIX)

  • 3 Buy-Rated Stocks with Over 7% Dividend Yield
    TipRanks

    3 Buy-Rated Stocks with Over 7% Dividend Yield

    Are you ready to find some strong returns? That’s the point of investing, after all: getting a return on your money. With bonds trading low, and the Federal Reserve holding rates below two percent, investors are naturally turning to stocks. The result is a boon for the markets, as evidenced by the Dow Jones, S&P 500, and NASDAQ indexes at record highs. For now, stocks are where the returns are.But not all stocks are created equal when it comes to returning on investors’ money. If you’re looking for steady gains, your best options are the reliable dividend stocks. Like bonds, these are instruments that will pay you back for putting money into them; but while bond rates are currently held down by Fed policy, dividends can offer much higher returns.So how are investors supposed to determine which dividend names represent the most compelling investments? We recommend using TipRanks’ Stock Screener. The tool helped us pinpoint 3 Buy-rated names that each boast a dividend yield of more than 7%, while the average dividend yield of the S&P 500 stands at 1.88%.Fortress Transportation and Infrastructure (FTAI)You’ve heard of real estate investment trusts – companies that make money through the purchase, leasing, and management of landed property. Fortress is a twist on that. This company makes its profits through the acquisition of transportation infrastructure and equipment. Fortress owns aircraft assets in the aviation industry, oil distribution terminals, and over 300 railroad tanker cars in Texas, among other investments.The aviation assets are the most lucrative for the company. According to FTAI’s Q3 earnings data, aviation leasing brought in over $185 million for the quarter, while other infrastructure and corporate activities showed net losses of nearly $65 million. The company was still able to declare $120.7 million in net earnings, and according to CEO Joe Adams, “We just put up record numbers in both net income and adjusted EBITDA. We see this momentum in profitability and cash flow continuing into 2020.”From an investor’s perspective, that momentum is a good thing. FTAI maintains a high dividend, with an annualized payout of $1.32 and quarterly payments of 33 cents, making the yield an impressive 7.76%. The 30-cent EPS, however, shows that this cannot be maintained long-term. The company will need to increase profits in order to keep up the dividend payments going forward. Fortunately, FTAI beat earnings forecasts by wide margins in Q3 and in Q2, and there is no reason to doubt the company’s ability to keep up the dividend at least in the near- to mid-term.Writing from JMP Securities, 5-star analyst Devin Ryan said, “Quarterly results for FTAI always include some noise, but the core trends underlying 3Q19 earnings appear to remain healthy.” Ryan rates FTAI an "outperform" along with a $24 price target, which implies an upside of 35%. (To watch Ryan's track record, click here)Stephens analyst Justin Long is also bullish, writing just after the quarterly release, “We were intrigued by FTAI’s conference call commentary regarding the potential to monetize some of its infrastructure assets as this could be a catalyst to improve shareholder value going forward…” Long set a $19 price target, more conservative than Ryan’s but still indicating an 7% upside potential. (To watch Long's track record, click here)It’s not often that the analysts all agree on a stock, so when it does happen, take note. FTAI’s Strong Buy consensus rating is based on a unanimous 3 Buys. The stock’s $21.67 average price target suggests an upside of 22% and a change from the current share price of $17.72. (See FTAI's stock analysis on TipRanks)Park Hotels & Resorts (PK)Like many high-yielding dividend stocks, PK is a real estate investment trust. The company focuses on hotel properties. Park has been a public company since it spun off from Hilton Worldwide in 2017.Park maintains a strong interest in Hilton hotels, owning Hilton properties in Chicago, Honolulu, New Orleans, and Orlando, as well as a 25% interest in the Capital Hilton in Washington, D.C. These are all prime vacation destinations, and are just a few of Park’s 52 properties. Park saw $2.7 billion in total revenues, and $477 million in net profits, from its hotels in fiscal 2018, a sign of the underlying strength of its niche.While hotels in prime tourist destinations are valuable in and of themselves, Park also manages its investments wisely. The company shed 13 assets in 2018, describing them as “non-core.” The shed assets included 10 of 14 international properties, indicating a strategic move toward solidifying US business. The sale netted the company $519 million. More recently, in the Q3 conference call, CEO Thomas Baltimore said, “Less than three years after launching the company, we successfully executed on our long-term strategic plan by completing the acquisition of Chesapeake Lodging Trust, a $2.5 billion transaction that accelerates our progress toward achieving several long-term goals.”REITs are required by US tax law to return as much as 90% of their income to shareholders, Park pays a quarterly dividend of 45 cents per share. This may not sound like much, but it comes out to a payment ratio of 137%, which would not be sustainable normally – except for that tax regulation requiring the high payout. Park’s dividend yield is 7.86%, which is nearly 4x the S&P 500 average.Nomura analyst Brian Dobson writes of Park Hotels, “In 2020E, we expect management to improve results at recently acquired hotels by: 1) adding group occupancy, 2) increasing F&B/hotel margins, 3) right-sizing transient ADR & occupancy, and 4) repurposing underutilized square feet. We believe that PK has already thoroughly reviewed legacy Chesapeake properties and that changes should be implemented shortly." The analyst added, "We remain positive on PK as its strategy to increase group occupancy and drive higher property-level margin continues to generate relative outperformance."Dobson suggests that if everything goes as planned, PK will be a $29 stock in the next 12 months, implying 24% return. (To watch Dobson's track record, click here)Richard Hightower, from Evercore ISI, is also bullish on Park. After the earnings conference call, he wrote, “As PK said on the call, it’s incumbent upon them to execute, and our view is that value is generally ascribed as value is earned.” In the same note, Hightower reiterated his Buy rating and $30 price target. That target suggests a 31% upside, so he clearly believes the company will execute. (To watch Hightower's track record, click here)Wall Street sizes up PK as a ‘Moderate Buy’ stock, as the bulls edge out the cautious on the stock. In the last 3 months, PK has received 4 bullish ratings versus 3 analysts hedging their bets, and one bear who doubts the company can secure a turnaround. The consensus price target hints there could be about 14% upside for investors, with the stock fetching $26.50. (See Park Hotels' stock analysis on TipRanks)Six Flags Entertainment (SIX)After getting three upgrades last summer, Six Flags, the amusement park operator, is now in the midst of its down season. Q3 is typically the company’s best, as it encompasses the high-volume summer months, and while this year was no exception to the pattern, SIX disappointed investors by missing the EPS expectations.Earnings came in at $2.11, down 20 cents from the forecast. Total quarterly earnings, at $200 million, were slightly below the $204 million from last year’s Q3. At the same time, revenues were up – the company brought in $621 million gross, $1 million more than a year ago. That gain came on attendance growth of 3%, but at the same time, park-goers were not spending as much as in previous years.Company SEO Jim Reid-Anderson put a positive spin on the quarterly report, saying, “We were pleased to achieve record attendance and revenue for the first nine months of 2019… we are laser focused on achieving our tenth consecutive record year…”In a boon for investors, SIX kept up its dividend payment, paying out 83 cents. This was in-line with the company’s dividend payment for the previous four quarters, and with Six’s 9-year history of maintaining or growing the dividend. The current yield is 7.39%. The payment ratio of 127% is a dark spot, especially going into the low-income winter months, but will likely be sustainable if park attendance continues to increase next year.4-star Oppenheimer analyst Ian Zaffino describes the Q3 report as “disappointing,” but maintains his Buy rating on SIX. He writes, “Six Flags Entertainment Corporation (SIX) is the world's largest regional theme park operator, with 25 locations across North America, including 22 in the United States, one in Canada, and two in Mexico…” He points out the company’s 2010 bankruptcy emergence, and adds, “The company now has a significantly delevered balance sheet.” Zaffino gives SIX a $63 price target, for a 44% upside potential. (To watch Zaffino's track record, click here)Also bullish is Eric Wold, from B. Riley, writing, “While we had previewed the potential for an upside quarter, we do not come away concerned with the 3Q19 miss and actually believe the improving membership base growth provides a more attractive set-up into 2020 and beyond.” Wold’s $67 price target suggests a robust 53% upside. (To watch Wold's track record, click here)Six Flags stock sells for $43.83, and the average price target of $56.57 indicates a 30% upside despite the recent down quarter. The Street’s consensus is a Moderate Buy, based on 5 "buys" and 3 "holds" set in recent weeks. (See Six Flags' stock analysis on TipRanks)

  • Enjoy the Year’s Biggest and Best Holiday Celebration with Millions of Dazzling Lights, Spectacular Shows, Tasty Treats and Thrilling Rides at Six Flags Parks Nationwide
    Business Wire

    Enjoy the Year’s Biggest and Best Holiday Celebration with Millions of Dazzling Lights, Spectacular Shows, Tasty Treats and Thrilling Rides at Six Flags Parks Nationwide

    Six Flags Entertainment Corporation, (SIX) the world’s largest regional theme park company, invites guests of all ages to spend the holidays at Holiday in the Park, the annual winter spectacular now offered at 13 Six Flags parks across the country. Holiday in the Park is the highly anticipated, magical holiday tradition featuring extravagantly themed entertainment, tantalizing, festive food offerings and Six Flags’ signature collection of world-class roller coasters, rides and attractions.

  • Six Flags Entertainment Corporation (NYSE:SIX) Earns Among The Best Returns In Its Industry
    Simply Wall St.

    Six Flags Entertainment Corporation (NYSE:SIX) Earns Among The Best Returns In Its Industry

    Today we'll evaluate Six Flags Entertainment Corporation (NYSE:SIX) to determine whether it could have potential as an...

  • Amedisys, Six Flags Entertainment, Target, Walmart and Disney highlighted as Zacks Bull and Bear of the Day
    Zacks

    Amedisys, Six Flags Entertainment, Target, Walmart and Disney highlighted as Zacks Bull and Bear of the Day

    Amedisys, Six Flags Entertainment, Target, Walmart and Disney highlighted as Zacks Bull and Bear of the Day

  • Moody's

    Six Flags Entertainment Corporation -- Moody's announces completion of a periodic review of ratings of Six Flags Entertainment Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Six Flags Entertainment Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • MarketWatch

    Six Flags bumps up dividend by a penny, to yield more than 7.4%

    Six Flags Entertainment Corp. said Monday it was raising its quarterly dividend to 83 cents a share from 82 cents, marking the 10th annual increase in the past 9 years. The theme park company's new dividend will be payable Dec. 9 to shareholders of record on Nov. 29. Based on Friday's stock closing price of $44.60, the new annual dividend rate of $3.32 a share implies a dividend yield of 7.44%, which is nearly 4-times the implied yield for the S&P 500 of 1.90%, according to FactSet. "We are committed to maintaining a healthy dividend and returning all remaining excess cash flow to shareholders in the form of share repurchases," said Chairman Richard Roedel. The stock, which slipped 0.5% in premarket trading, has dropped 20.6% over the past three months, while the S&P 500 has gained 8.0%.

  • Business Wire

    Dividend Increases for Ninth Consecutive Year at Six Flags

    Six Flags Entertainment Corporation (SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that its board of directors declared a fourth quarter cash dividend of $0.83 per share of common stock payable to shareholders of record as of November 29, 2019. “Our capital allocation policy remains a key component of our value offering,” said Richard Roedel, Chairman of the Board. Since 2010, the company has returned more than $3.7 billion to shareholders in the form of dividends and share repurchases.

  • Six Flags Employees Fan Out Across North America for 10th Annual Day of Service with Project 6
    Business Wire

    Six Flags Employees Fan Out Across North America for 10th Annual Day of Service with Project 6

    Six Flags Entertainment Corporation (SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, continues its longstanding tradition of community service and volunteerism with Project 6, the company’s annual Day of Service. Throughout the fall months, team members from all of the company’s 26 parks and corporate office offer their time and energy to spread the joy of Six Flags and make a difference in the lives of others. “Six Flags’ geographic span, coupled with the size, talent and heart of our workforce, affords us the opportunity to inspire real and impactful change,” said Senior Vice President of Human Resources Kathy Aslin.

  • Credit One Bank Becomes Proud Partner Of Six Flags
    PR Newswire

    Credit One Bank Becomes Proud Partner Of Six Flags

    LAS VEGAS, Nov. 12, 2019 /PRNewswire/ -- Credit One Bank, a technology and data-driven financial services company, announced its official partnership with Six Flags Entertainment Corporation (SIX), the world's largest regional theme park company and largest operator of waterparks in North America. Credit One Bank is now a proud partner of Six Flags® offering exclusive in-park benefits to Credit One Bank card members nationwide and a co-branded credit card coming in 2020. All current Credit One Bank card members will have the chance to access exclusive benefits and special savings on admission at all 23 participating Six Flags locations in the United States beginning this holiday season and continuing into 2020.

  • New Park President Named for Six Flags Qiddiya Theme Park in Saudi Arabia
    Business Wire

    New Park President Named for Six Flags Qiddiya Theme Park in Saudi Arabia

    Six Flags Entertainment Corporation (SIX), the world’s largest regional theme park company, and the largest operator of waterparks in North America, today announced that Brian Machamer has been named Park President of Six Flags Qiddiya. The first Six Flags-branded theme park in the Kingdom will be the centerpiece of Qiddiya, Saudi Arabia’s capital of entertainment, sports and the arts, now under construction 40km from the capital city of Riyadh. Mr. Machamer is a respected and proven industry veteran with more than 25 years of experience, having overseen multiple international theme park developments at a senior leadership level in regions such as Singapore, United Arab Emirates, and Malaysia.

  • 52-Week Company Lows
    GuruFocus.com

    52-Week Company Lows

    52-week lows for companies, including UGI Corp., Western Midstream Partners, Alliance Data Systems and Six Flags Entertainment Continue reading...

  • GuruFocus.com

    Stocks That Fell to 3-Year Lows in the Week of Nov. 1

    Macerich, Six Flags, Grubhub and Taubman Centers present buying opportunities Continue reading...

  • Six Flags appoints new CEO
    American City Business Journals

    Six Flags appoints new CEO

    Six Flags Entertainment Corp. (NYSE: SIX) has named Mike Spanos as president and chief executive officer, the company announced last week. Effective Nov. 18, the former CEO of PepsiCo, Asia, Middle East and North Africa, will become the leader the world’s largest regional theme park company and largest operator of waterparks in North America. The 25-year PepsiCo veteran has been appointed to Six Flags' board of directors, a role that went into effect on Oct. 24.  Spanos is expected to receive a base salary of $1,150,000 per year and an annual bonus with a target of 150 percent of his base salary for the 2020 calendar year, according to a regulatory filing.

  • GuruFocus.com

    A Good Payout Ratio May Not Be a Guarantee for Dividend Security

    The world's largest regional theme park operator is exhibiting a very attractive dividend yield Continue reading...

  • Moving Average Crossover Alert: Six Flags Entertainment
    Zacks

    Moving Average Crossover Alert: Six Flags Entertainment

    Six Flags Entertainment Corporation (SIX) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

  • Thomson Reuters StreetEvents

    Edited Transcript of SIX earnings conference call or presentation 23-Oct-19 1:00pm GMT

    Q3 2019 Six Flags Entertainment Corp Earnings Call

  • MarketWatch

    PepsiCo executive named Six Flags CEO

    Six Flags Entertainment Corp. said late Thursday it has appointed Mike Spanos as its president and chief executive officer, effective Nov. 18. Spanos will also be a member of the board of directors, effective immediately. Spanos most recently served as chief executive officer of PepsiCo Inc's Asia, Middle East and North Africa unit and had been with PepsiCo since 1993. Jim Reid-Anderson, chairman, president and CEO, will resign as a director and an officer of the company on Nov. 18, and on that date Richard Roedel, who has been a board member since 2010, will be appointed non-executive chairman of the board. Shares of Six Flags fell 0.2% in the extended session Thursday, after ending the regular trading day down 1.6%. The company earlier this week reported third-quarter earnings and sales that missed Wall Street expectations.

  • Business Wire

    Michael Spanos Appointed New President and Chief Executive Officer of Six Flags

    Six Flags Entertainment Corporation (SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that it has appointed Mike Spanos as President and Chief Executive Officer effective November 18, 2019, and as a member of the Board of Directors effective immediately. Mr. Spanos will be relocating to the Dallas-Fort Worth area with his family. The company’s announcement follows a thorough search process led by a special committee of the Board of Directors.

  • If You Had Bought Six Flags Entertainment (NYSE:SIX) Stock A Year Ago, You'd Be Sitting On A 16% Loss, Today
    Simply Wall St.

    If You Had Bought Six Flags Entertainment (NYSE:SIX) Stock A Year Ago, You'd Be Sitting On A 16% Loss, Today

    Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active...

  • Six Flags CEO: Company is not in talks for merger or acquisition of any significant size
    American City Business Journals

    Six Flags CEO: Company is not in talks for merger or acquisition of any significant size

    Six Flags Entertainment Co. is not in discussions or negotiations for a merger or acquisition of significant size, the company’s CEO confirmed during an earnings call Wednesday.