Private Advisor Group LLC boosted its stake in shares of Six Flags Entertainment Corp (NYSE:SIX) by 11.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,504 shares of the company’s stock after buying an additional 2,062 shares during the quarter. Private Advisor Group LLC’s holdings in Six Flags Entertainment were worth $1,256,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in SIX. Cramer Rosenthal Mcglynn LLC increased its position in Six Flags Entertainment by 95.3% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,152,374 shares of the company’s stock valued at $70,226,000 after purchasing an additional 562,414 shares during the period. Brown Advisory Inc. increased its position in Six Flags Entertainment by 43.9% during the 3rd quarter. Brown Advisory Inc. now owns 6,106 shares of the company’s stock valued at $373,000 after purchasing an additional 1,863 shares during the period. BB&T Securities LLC increased its position in Six Flags Entertainment by 50.4% during the 3rd quarter. BB&T Securities LLC now owns 39,259 shares of the company’s stock valued at $2,392,000 after purchasing an additional 13,158 shares during the period. Schwab Charles Investment Management Inc. increased its position in Six Flags Entertainment by 5.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 468,004 shares of the company’s stock valued at $28,521,000 after purchasing an additional 25,405 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Six Flags Entertainment during the 3rd quarter valued at about $707,000. Institutional investors own 99.45% of the company’s stock.
SIX has been the topic of a number of research reports. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment in a research report on Friday, October 27th. Hilliard Lyons raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, August 30th. Janney Montgomery Scott reissued a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $72.00 target price on shares of Six Flags Entertainment in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $66.78.
In other news, CEO James Reid-Anderson sold 41,008 shares of Six Flags Entertainment stock in a transaction that occurred on 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 transaction, 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 can be accessed through this link. In the last ninety days, insiders sold 145,078 shares of company stock worth $9,569,648. Insiders own 6.90% of the company’s stock.
Shares of Six Flags Entertainment Corp (NYSE SIX) traded down $0.92 during trading on Friday, hitting $65.19. 1,043,800 shares of the stock were exchanged, compared to its average volume of 1,078,044. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. Six Flags Entertainment Corp has a 52-week low of $51.25 and a 52-week high of $66.64. The stock has a market cap of $5,539.08, a P/E ratio of 31.63, a P/E/G ratio of 3.87 and a beta of 1.17.
Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. equities research analysts expect that Six Flags Entertainment Corp will post 2.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 30th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.30%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. Six Flags Entertainment’s payout ratio is presently 133.97%.
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Six Flags Entertainment 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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