Six Flags Entertainment Corp (NYSE:SIX) CFO Marshall Barber sold 597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the completion of the transaction, the chief financial officer now directly owns 80,536 shares in the company, valued at $5,361,281.52. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Marshall Barber also recently made the following trade(s):
- On Tuesday, February 13th, Marshall Barber sold 26 shares of Six Flags Entertainment stock. The stock was sold at an average price of $65.51, for a total transaction of $1,703.26.
Six Flags Entertainment Corp (NYSE:SIX) traded up $0.56 during mid-day trading on Wednesday, hitting $66.74. 788,477 shares of the stock traded hands, compared to its average volume of 875,534. The stock has a market cap of $5,813.06, a price-to-earnings ratio of 31.93, a PEG ratio of 3.70 and a beta of 1.15. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53. Six Flags Entertainment Corp has a 1 year low of $51.25 and a 1 year high of $70.44.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $256.76 million for the quarter, compared to analyst estimates of $252.75 million. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. sell-side analysts forecast that Six Flags Entertainment Corp will post 2.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Thursday, February 15th. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.70. Six Flags Entertainment’s payout ratio is presently 149.28%.
SIX has been the topic of a number of research reports. FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a research note on Friday, October 27th. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, B. Riley reissued a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Six Flags Entertainment presently has an average rating of “Buy” and a consensus price target of $69.00.
Several hedge funds have recently added to or reduced their stakes in SIX. Dimensional Fund Advisors LP raised its position in Six Flags Entertainment by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 480,506 shares of the company’s stock valued at $28,645,000 after purchasing an additional 12,035 shares during the period. State Street Corp raised its position in Six Flags Entertainment by 1.5% in the second quarter. State Street Corp now owns 1,018,549 shares of the company’s stock valued at $60,713,000 after purchasing an additional 15,029 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in 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 valued at $1,000,000 after purchasing an additional 1,421 shares during the period. Public Employees Retirement System of Ohio raised its position in Six Flags Entertainment by 3.5% in the second quarter. Public Employees Retirement System of Ohio now owns 35,214 shares of the company’s stock valued at $2,099,000 after purchasing an additional 1,185 shares during the period. Finally, Shell Asset Management Co. purchased a new stake in Six Flags Entertainment in the third quarter valued at approximately $1,684,000. 98.71% of the stock is currently owned by hedge funds and other institutional investors.
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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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