Commerce Bank increased its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 32.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,742 shares of the company’s stock after acquiring an additional 1,642 shares during the period. Commerce Bank’s holdings in Six Flags Entertainment were worth $411,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of SIX. Raymond James Financial Services Advisors Inc. raised its stake in shares of Six Flags Entertainment by 9.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock worth $1,000,000 after purchasing an additional 1,421 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Six Flags Entertainment in the second quarter worth $255,000. Brookstone Capital Management purchased a new stake in shares of Six Flags Entertainment in the second quarter worth $277,000. TD Asset Management Inc. raised its position in shares of Six Flags Entertainment by 0.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after buying an additional 59 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Six Flags Entertainment by 542.2% during the second quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after purchasing an additional 661,690 shares in the last quarter. Institutional investors and hedge funds own 99.45% of the company’s stock.
Six Flags Entertainment Corp (NYSE:SIX) traded down $0.92 during trading hours on Thursday, reaching $65.19. 1,043,865 shares of the company’s stock traded hands, compared to its average volume of 1,078,044. The firm has a market cap of $5,540.75, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 3.87 and a beta of 1.17. Six Flags Entertainment Corp has a 12 month low of $51.25 and a 12 month high of $66.64. 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 posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The company had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same quarter in the previous year, the business posted $1.09 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. sell-side analysts anticipate that Six Flags Entertainment Corp will post 2.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 4.30%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. Six Flags Entertainment’s dividend payout ratio is presently 133.97%.
In other news, CEO James Reid-Anderson sold 41,008 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $65.06, for a total value of $2,667,980.48. Following the completion of the transaction, the chief executive officer now owns 3,570,602 shares in the company, valued at approximately $232,303,366.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 145,078 shares of company stock valued at $9,569,648. 6.90% of the stock is owned by insiders.
Several research firms have weighed in on SIX. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. Hilliard Lyons raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, August 30th. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. KeyCorp began coverage on shares of Six Flags Entertainment in a research report on Wednesday, August 30th. They set an “overweight” rating and a $59.00 target price on the stock. Finally, FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.78.
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Six Flags Entertainment Company Profile
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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