James Reid-Anderson Sells 41,008 Shares of Six Flags Entertainment Corporation New (SIX) Stock

Six Flags Entertainment Corporation New (NYSE:SIX) CEO James Reid-Anderson sold 41,008 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $65.06, for a total transaction of $2,667,980.48. Following the sale, the chief executive officer now owns 3,570,602 shares of the company’s stock, valued at approximately $232,303,366.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Six Flags Entertainment Corporation New (NYSE SIX) opened at $65.27 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. Six Flags Entertainment Corporation New has a fifty-two week low of $51.25 and a fifty-two week high of $65.75. The stock has a market cap of $5,470.00, a P/E ratio of 30.95, a PEG ratio of 3.87 and a beta of 1.16.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.31. The business had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. Six Flags Entertainment Corporation New had a net margin of 13.24% and a negative return on equity of 47.41%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. sell-side analysts predict that Six Flags Entertainment Corporation New will post 2.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.29%. This is an increase from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, November 29th. Six Flags Entertainment Corporation New’s payout ratio is presently 122.49%.

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A number of institutional investors and hedge funds have recently modified their holdings of SIX. Wellington Management Group LLP acquired a new position in shares of Six Flags Entertainment Corporation New in the first quarter valued at $848,000. Teachers Advisors LLC increased its holdings in shares of Six Flags Entertainment Corporation New by 13.1% in the first quarter. Teachers Advisors LLC now owns 129,557 shares of the company’s stock valued at $7,707,000 after purchasing an additional 15,029 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Six Flags Entertainment Corporation New by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 468,471 shares of the company’s stock valued at $27,870,000 after purchasing an additional 27,754 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Six Flags Entertainment Corporation New by 21,709.6% in the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock valued at $196,215,000 after purchasing an additional 3,283,136 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Six Flags Entertainment Corporation New by 4.4% in the first quarter. State Street Corp now owns 1,003,520 shares of the company’s stock valued at $59,696,000 after purchasing an additional 42,067 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Several equities research analysts have recently commented on the stock. B. Riley reiterated a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, November 1st. BidaskClub lowered shares of Six Flags Entertainment Corporation New from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Janney Montgomery Scott reissued a “buy” rating and set a $70.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $70.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $67.00.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Insider Buying and Selling by Quarter for Six Flags Entertainment Corporation New (NYSE:SIX)

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