Why Did Six Flags Entertainment’s Shares Gain 23%?
<p><a href='https://financialmodelingprep.com/financial-summary/SIX'>Six Flags Entertainment (NYSE:SIX)</a> shares gained more than 23% since the company’s reported Q3 results on Thursday. While both EPS of $1.39 and revenue of $505 million came in worse than the Street estimates of $1.77 and $582.65 million, shares rose on a more optimistic outlook for 2023 based on positive data points about October, with season pass sales in the month improving "significantly" and management expecting that momentum to continue.  </p>
<p>Furthermore, the company announced that H Partners will increase its beneficial ownership of Six Flags common stock from 14.9% (cap in the original agreement) to 19.9%.</p>

NYSE:SIX