Crossmark Global Holdings Inc. bought a new position in Six Flags Entertainment Corp (NYSE:SIX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,014 shares of the company’s stock, valued at approximately $667,000.
A number of other large investors have also recently made changes to their positions in the business. Park Avenue Securities LLC boosted its position in Six Flags Entertainment by 13.4% in the third quarter. Park Avenue Securities LLC now owns 6,768 shares of the company’s stock worth $411,000 after purchasing an additional 802 shares during the last quarter. North Star Investment Management Corp. boosted its position in Six Flags Entertainment by 17.2% in the fourth quarter. North Star Investment Management Corp. now owns 5,662 shares of the company’s stock worth $377,000 after purchasing an additional 829 shares during the last quarter. Pacer Advisors Inc. boosted its position in Six Flags Entertainment by 7.2% in the third quarter. Pacer Advisors Inc. now owns 13,317 shares of the company’s stock worth $812,000 after purchasing an additional 897 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Six Flags Entertainment by 12.7% in the third quarter. Wedge Capital Management L L P NC now owns 9,168 shares of the company’s stock worth $559,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in Six Flags Entertainment by 22.6% in the third quarter. Brookstone Capital Management now owns 5,700 shares of the company’s stock worth $347,000 after purchasing an additional 1,049 shares during the last quarter. 98.79% of the stock is currently owned by institutional investors and hedge funds.
SIX has been the topic of several research reports. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, January 19th. Wedbush set a $76.00 price objective on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Monday, January 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Six Flags Entertainment in a research note on Friday, October 27th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Six Flags Entertainment presently has an average rating of “Buy” and an average price target of $68.40.
In other news, Chairman James Reid-Anderson sold 78,614 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total value of $5,213,680.48. Following the transaction, the chairman now owns 3,520,146 shares of the company’s stock, valued at $233,456,082.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 240,181 shares of company stock worth $16,041,661 in the last ninety days. Corporate insiders own 6.90% of the company’s stock.
Six Flags Entertainment Corp (NYSE:SIX) opened at $69.38 on Monday. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. Six Flags Entertainment Corp has a 12 month low of $51.25 and a 12 month high of $70.44. The company has a market capitalization of $5,813.07, a PE ratio of 33.20, a PEG ratio of 3.70 and a beta of 1.15.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be paid a $0.78 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.12 annualized dividend and a dividend yield of 4.50%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.70. Six Flags Entertainment’s dividend payout ratio (DPR) is 149.28%.
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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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