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Shares of Six Flags Entertainment Corp. fell more than 5% in the extended session Tuesday after the theme-park operator reported third-quarter profit and sales below Wall Street expectations. Six Flags said it earned $200 million, or $2.11 a share, in the quarter, compared with $204 million, or $2.16 a share, in the year-ago quarter. Revenue rose to $621 million from $620 million a year ago. Analysts polled by FactSet had expected earnings of $2.31 a share on sales of $644 million. Attendance grew 3%, but park-goers spent less, Six Flags said. Shares of Six Flags ended the regular trading session down 1.3%.
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 bank lenders have approved a reduction to the borrowing rate on the Company’s $798 million Term Loan B Credit Facility. Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of waterparks in North America, with $1.5 billion in revenue and 26 parks across the United States, Mexico and Canada.
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The city of Arlington approved an incentive package Tuesday that would reimburse Six Flags Entertainment Corp. $6 million to renovate and move its headquarters from Grand Prairie to the former home of the Texas Rangers. City documents state that Six Flags (NYSE: SIX) would occupy 40,842 square feet in the Globe Life Park's Centerfield Office Building. Six Flags would lease the office space from the Rangers for 15 years, with the option of two five-year extensions to the lease term.
A look at the shareholders of Hydro66 Holdings Corp. (CNSX:SIX) can tell us which group is most powerful. Institutions...
Six Flags Entertainment Corporation today announced it will release third quarter financial results after the market closes on Tuesday, October 22, 2019. An investor conference call will follow beginning at 8:00 a.m.
Jim Cramer told viewers of his Monday night Mad Money program he is sticking with his previous recommendation to own shares of Cedar Fair , even after the failed takeover offer from rival Six Flags Entertainment . When he last looked at the sector, Cramer declared Cedar Fair the superior operator, and since then the shares have continued to march steadily higher. When Six Flags last reported however, results were mixed.
Cedar Fair reportedly is being pursued by a larger competitor, though one industry trade report expresses skepticism about such a deal.
Investors in two large American theme park operators may be in for an interesting ride. Reuters said Wednesday that Six Flags is seeking the merger in a bid to expand its size and ticket pricing power, though with the caveat that there’s no certainty the cash-and-stock deal will be reached.
Could a new era be on the horizon for the Charlotte region's biggest tourist attraction? Word of a potential deal between the owner of Carowinds and a rival theme-park operator took stock prices for a ride on Wednesday.
The move shows how Six Flags, already the world's largest regional theme park operator, wants to expand its footprint so it can increase ticketing pricing power, even as Chief Executive James Reid-Anderson is preparing to retire by the end of February. Cedar Fair is considering Six Flags' cash-and-stock offer, and there is no certainty a deal will be reached, the sources said. Six Flags declined to comment, while Cedar Fair did not immediately respond to a request for comment.
(Bloomberg) -- Cedar Fair LP, the amusement-park chain that owns Knott’s Berry Farm and Dorney Park & Wildwater Kingdom, briefly rose the most in almost a decade on a report that Six Flags Entertainment Corp. approached the company about a takeover.Six Flags, whose parks include Fiesta Texas and Magic Mountain, is considering a cash-and-stock offer for Cedar Fair, according to Reuters. It’s not certain an agreement will be reached, the news service reported.A deal would unite two of the biggest thrill-ride operators, creating a chain of amusement and water parks that spans the U.S. A takeover would follow a June transaction to take the owner of Legoland’s theme parks private for $6.1 billion. Analysts said at the time that the purchase could turn companies like Cedar Fair into more attractive takeover targets.Cedar Fair shares rose as much as 11% on Wednesday to $64.86 -- the biggest intraday rally since March 2010 --before settling down to a 3% gain. Six Flags slipped less than 1% to $51.22.To contact the reporter on this story: Nick Turner in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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