nysesix
The theme park provider beat expectations on strong cost controls despite lower admissions Six Flags Entertainment (NYSE:SIX) announced first-quarter results to the market on Monday morning, reporting record sales despite a 6% decline in admissions. The result drove excitement with SIX stock posting one of its best trading days of 2023, rising 18.6%. Six Flags Entertainment is the world’s largest regional theme park company and the largest operator of water parks in North America, with 27 parks across the U.S., Mexico, and Canada. Despite severe weather at its California and Texas parks, Six F...
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What’s New In Activism – Six Flags Entertainment SurgeSix Flags Entertainment Corp (NYSE:SIX) shares surged 16% last Thursday after the amusement park company said it had permitted H Partners to buy up to 19.9% of its share capital. The new threshold is a step-up from the previous limit of 14.9% – included in a January 2020 deal that also gave Arik Ruchim, a partner at the activist firm, a seat on Six Flags’ board. Q3 2022 hedge fund letters, conferences and more "H Partners has been a constructive and important partner to the company. We are pleased they continue to recognize the value potent...
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Six Flags Entertainment is riding positive investor sentiment on a day when it delivered a poor earnings report.Revenue and earnings are falling on a year-over-year basis and are below pre-pandemic levels.Recession fears are weighing on the minds and wallets of its core consumers.Until the outlook becomes clear, it’s best to avoid SIX stock.Six Flags Entertainment (NYSE:SIX) is up over 13% on a day when the market is staging a relief rally of epic proportions. It shouldn’t be. The company posted earnings that confirmed a trend of two consecutive quarters where revenue and earnings are lower on...
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There’s no reason to chase these stocks on the way down, but keep an eye on park attendanceInvestors expecting any relief from inflation will have to wait a little longer. The Consumer Price Index (CPI) showed inflation slightly lower on a year-over-year basis. However, by any metric, this was still a troubling report. And that means there will likely be more turbulence for equities. Q1 2022 hedge fund letters, conferences and more However, we could all use a little more fun in our lives. And that’s why I’m inviting investors to take a look at Six Flags (NYSE:SIX) and Cedar Fair (NYSE:FUN) for...
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