Vaughan Nelson Investment Management L.P. decreased its position in Six Flags (NYSE:SIX) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 773,775 shares of the company’s stock after selling 11,935 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Six Flags were worth $48,176,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in Six Flags in the 4th quarter valued at about $3,282,000. Millennium Management LLC acquired a new position in Six Flags in the 4th quarter valued at about $20,136,000. Teachers Advisors LLC raised its stake in Six Flags by 1.2% in the 4th quarter. Teachers Advisors LLC now owns 75,132 shares of the company’s stock valued at $5,002,000 after purchasing an additional 874 shares during the last quarter. BB&T Securities LLC raised its stake in Six Flags by 2.7% in the 4th quarter. BB&T Securities LLC now owns 40,300 shares of the company’s stock valued at $2,682,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Six Flags in the 4th quarter valued at about $10,293,000. 94.48% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on SIX shares. Zacks Investment Research downgraded shares of Six Flags from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags in a research note on Wednesday, February 21st. ValuEngine downgraded shares of Six Flags from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. Oppenheimer set a $80.00 price objective on shares of Six Flags and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, B. Riley upped their price objective on shares of Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.55.
In related news, VP Lance C. Balk sold 100,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total transaction of $6,567,000.00. Following the completion of the sale, the vice president now owns 15,738 shares of the company’s stock, valued at approximately $1,033,514.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.
NYSE SIX opened at $63.71 on Wednesday. Six Flags has a 12 month low of $51.25 and a 12 month high of $70.44. The company has a debt-to-equity ratio of -2.90, a current ratio of 0.37 and a quick ratio of 0.30. The stock has a market cap of $5.36 billion, a PE ratio of 29.93 and a beta of 1.13.
Six Flags (NYSE:SIX) last posted its quarterly earnings data on Tuesday, April 24th. The company reported ($0.74) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.05. Six Flags had a net margin of 19.38% and a negative return on equity of 31.58%. The company had revenue of $128.96 million during the quarter, compared to the consensus estimate of $118.75 million. During the same quarter in the prior year, the company posted ($0.63) EPS. The company’s quarterly revenue was up 29.6% compared to the same quarter last year. analysts expect that Six Flags will post 2.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Thursday, May 31st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Wednesday, May 30th. Six Flags’s dividend payout ratio (DPR) is presently 146.48%.
Six Flags Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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