Guardian Capital LP lessened its holdings in shares of Six Flags Entertainment Corp (NYSE:SIX) by 9.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,677 shares of the company’s stock after selling 24,664 shares during the quarter. Guardian Capital LP owned about 0.27% of Six Flags Entertainment worth $13,997,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Ffcm LLC boosted its position in Six Flags Entertainment by 114.8% during the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after purchasing an additional 1,406 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Six Flags Entertainment by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after purchasing an additional 225 shares during the period. First Mercantile Trust Co. bought a new position in Six Flags Entertainment during the second quarter worth about $185,000. First Trust Advisors LP bought a new position in Six Flags Entertainment during the third quarter worth about $205,000. Finally, Csenge Advisory Group bought a new position in Six Flags Entertainment during the third quarter worth about $238,000. Hedge funds and other institutional investors own 99.45% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment in a report on Friday, October 27th. Finally, FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Six Flags Entertainment presently has an average rating of “Buy” and an average target price of $66.78.
Shares of Six Flags Entertainment Corp (NYSE:SIX) traded down $0.87 during trading on Wednesday, hitting $65.50. 874,100 shares of the stock were exchanged, compared to its average volume of 1,076,951. 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 capitalization of $5,560.86, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17. 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 (NYSE:SIX) last announced its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 had a net margin of 13.24% and a negative return on equity of 47.41%. Six Flags Entertainment’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share. equities research analysts expect that Six Flags Entertainment Corp will post 2.13 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 30th were paid a $0.70 dividend. 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%. The ex-dividend date of this dividend was Wednesday, November 29th. Six Flags Entertainment’s dividend payout ratio (DPR) is currently 133.97%.
In related news, CEO James Reid-Anderson sold 41,008 shares of the firm’s 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 sale, the chief executive officer now directly owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 187,464 shares of company stock worth $12,379,790 over the last ninety days. 6.90% of the stock is currently owned by insiders.
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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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