Six Flags Entertainment Corp (SIX): Today's Featured Leisure Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Six Flags Entertainment fell $0.72 (-2.0%) to $36.04 on average volume. Throughout the day, 996,761 shares of Six Flags Entertainment exchanged hands as compared to its average daily volume of 859,200 shares. The stock ranged in price between $35.64-$36.86 after having opened the day at $36.86 as compared to the previous trading day's close of $36.76. Other companies within the Leisure industry that declined today were:
(
), down 4.8%,
(
), down 3.9%,
Diversified Restaurant Holdings
(
), down 3.5% and
(
), down 2.8%.
Six Flags Entertainment Corporation owns and operates regional theme, water, and zoological parks. The company's parks offer various state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. Six Flags Entertainment has a market cap of $3.5 billion and is part of the services sector. Shares are up 20.1% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Six Flags Entertainment a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Six Flags Entertainment
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Six Flags Entertainment Ratings Report.
On the positive front,
(
), up 14.2%,
(
), up 4.6%,
(
), up 3.3% and
Canterbury Park Holding Corporation
(
), up 3.1% , were all gainers within the leisure industry with
(
) being today's featured leisure industry leader.
- Use our leisure section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
PowerShares Dynamic Leisure&Entert
(
) while those bearish on the leisure industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
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