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Stock Market & Financial Investment News

News Breaks
November 13, 2012
07:35 EDTSIXSix Flags could repurchase 15% of shares, says Oppenheimer
Oppenheimer believes that Six Flags could negotiate changes to its debt covenants by 1Q13 that would enable it to buy back $500M of stock. The firm thinks the company is benefiting from a higher number of season pass sales and it maintains an Outperform rating on the shares.
News For SIX From The Last 14 Days
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April 27, 2015
10:00 EDTSIXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Canaccord... Akorn (AKRX) downgraded to Neutral from Overweight at Piper Jaffray... Allegiant Travel (ALGT) downgraded to Fair Value from Buy at CRT Capital... Altera (ALTR) downgraded to Neutral from Outperform at Baird... Amazon.com (AMZN) downgraded on valuation at Argus... American Science & Engineering (ASEI) downgraded to Sell from Fair Value at CRT Capital... Basic Energy (BAS) downgraded to Underperform from Neutral at Macquarie... C.H. Robinson (CHRW) downgraded to Sell from Neutral at UBS... Celladon (CLDN) downgraded to Neutral from Buy at Roth Capital... DST Systems (DST) downgraded to Neutral from Outperform at Credit Suisse... DeVry (DV) downgraded on weaker than expected outlook at Stifel... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Emerge Energy (EMES) downgraded to Hold from Buy at Wunderlich... FMC Technologies (FTI) downgraded to Accumulate from Speculative Buy at Global Hunter... Fibria Celulose (FBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Forum Energy (FET) downgraded to Neutral at Baird... Gulf Island Fabrication (GIFI) downgraded to Hold from Accumulate at Johnson Rice... Hancock Holding (HBHC) downgraded to Hold from Buy at Drexel Hamilton... Hi-Crush Partners (HCLP) downgraded to Hold from Buy at Wunderlich... Houghton Mifflin (HMHC) downgraded to Neutral from Buy at Citigroup (Friday)... Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank... Marvell (MRVL) downgraded to Hold from Buy at Craig-Hallum... Merge Healthcare (MRGE) downgraded to Hold from Buy at Topeka... Oceaneering (OII) downgraded to Neutral from Buy at Goldman... Omega Healthcare (OHI) downgraded at BofA/Merrill... Perrigo (PRGO) downgraded to Neutral from Buy at UBS... Petrobras (PBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Procter & Gamble (PG) downgraded on lack of upside at CLSA... ResMed (RMD) downgraded to Neutral from Buy at Goldman... Seadrill (SDRL) downgraded to Sell from Neutral at Citigroup... Six Flags (SIX) downgraded to Neutral from Buy at Goldman... Stratasys (SSYS) downgraded to Hold at Canaccord... Telecom Italia (TI) downgraded to Neutral from Buy at BofA/Merrill... Twitter (TWTR) downgraded to Neutral from Buy at SunTrust... United Continental (UAL) downgraded to Fair Value from Buy at CRT Capital... Virgin America (VA) downgraded to Sell from Buy at CRT Capital.
05:52 EDTSIXCedar Fair price target raised to $65 from $59 at Goldman
Goldman Sachs raised its price target for Cedar Fair (FUN) shares to $65 saying easy comps in Q2 and Q3 as well as lower gas prices in North America should drive shares higher in 2015. Goldman expects the stock's valuation gap versus peer Six Flags (SIX) to narrow. Within the Amusement Parks space, Goldman today also upgraded SeaWorld (SEAS) to Buy and downgraded shares of Six Flags to Neutral.
05:48 EDTSIXSix Flags downgraded to Neutral from Buy at Goldman
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05:45 EDTSIXSeaWorld upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded SeaWorld (SEAS) to Buy from Neutral saying it expects the company's brand to turn around under new CEO Joel Manby. Goldman thinks SeaWorld's trends are becoming less negative and raised its price target for shares to $26 from $18. The firm coupled the upgrade with a downgrade of Six Flags (SIX) to Neutral from Buy. It keeps a Buy rating on Cedar Fair (FUN). Shares of SeaWorld closed Friday up 35c to $21.49 and are down 28% over the past year. Goldman keeps an Attractive sector view on Amusement Parks.
April 22, 2015
09:32 EDTSIXSix Flags reported solid Q1 results, says Wells Fargo
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08:05 EDTSIXSix Flags reports Q1 total guest spending per capital was $43.82
Total guest spending per capita for the first quarter was $43.82, which was essentially flat with the first quarter of 2014. Admissions per capita increased 83c or 3% to $25.84 and in-park spending per capita decreased 74c or 4% to $17.98. All of the revenue per capita comparisons to prior year were adversely impacted by foreign exchange translation and a higher mix of season pass and membership attendance, which puts downward pressure on revenue per capita. Six Flags Mexico represents a higher percentage of total company revenue in the first quarter and the Mexican Peso weakened versus the U.S. dollar by 13% from the first quarter of 2014. On a constant currency basis, in the first quarter admissions per capita increased $1.37 or 6%, and in-park spending per capita decreased 19c or 1%.
08:04 EDTSIXSix Flags reports Q1 adjusted EBITDA was a loss of $38M
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08:04 EDTSIXSix Flags reports Q1 EPS (75c), consensus (67c)
Reports Q1 revenue $85.16M, consensus $83.12M

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