Wells Fargo & Company MN lessened its holdings in shares of Six Flags Entertainment Corp (NYSE:SIX) by 25.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,727,667 shares of the company’s stock after selling 579,061 shares during the period. Wells Fargo & Company MN owned 2.06% of Six Flags Entertainment worth $105,285,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. TD Asset Management Inc. boosted its stake in Six Flags Entertainment by 0.4% in the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after purchasing an additional 59 shares in the last quarter. Teacher Retirement System of Texas raised its position in Six Flags Entertainment by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock worth $347,000 after buying an additional 80 shares during the last quarter. State of Alaska Department of Revenue raised its position in Six Flags Entertainment by 6.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after buying an additional 155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Six Flags Entertainment by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after buying an additional 225 shares during the last quarter. Finally, Mariner Wealth Advisors LLC raised its position in Six Flags Entertainment by 6.0% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the company’s stock worth $313,000 after buying an additional 298 shares during the last quarter. Institutional investors own 99.45% of the company’s stock.
A number of brokerages have weighed in on SIX. B. Riley reissued a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, November 1st. SunTrust Banks reissued a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a research report on Friday, October 27th. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and set a $65.00 price target on shares of Six Flags Entertainment in a research report on Monday, September 25th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $66.78.
Six Flags Entertainment Corp (SIX) traded down $0.24 during trading on Tuesday, reaching $65.58. 852,000 shares of the company traded hands, compared to its average volume of 1,081,298. The stock has a market cap of $5,550.00, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 3.85 and a beta of 1.18. Six Flags Entertainment Corp has a one year low of $51.25 and a one year high of $66.55. 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 (NYSE:SIX) last released its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.31. The company had revenue of $580.40 million during the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. analysts predict that Six Flags Entertainment Corp will post 2.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. Six Flags Entertainment’s dividend payout ratio (DPR) is currently 133.97%.
In other Six Flags Entertainment news, CEO James Reid-Anderson sold 41,008 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $65.06, for a total value of $2,667,980.48. Following the sale, the chief executive officer now owns 3,570,602 shares in the company, valued at $232,303,366.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.90% of the company’s stock.
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About Six Flags Entertainment
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.
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