WINTON GROUP Ltd purchased a new stake in shares of Six Flags Entertainment Corp (NYSE:SIX) during the 1st quarter, HoldingsChannel reports. The fund purchased 16,296 shares of the company’s stock, valued at approximately $1,015,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIX. First Trust Advisors LP lifted its holdings in shares of Six Flags Entertainment by 797.4% during the 4th quarter. First Trust Advisors LP now owns 30,154 shares of the company’s stock valued at $2,007,000 after buying an additional 26,794 shares during the period. Arizona State Retirement System bought a new position in shares of Six Flags Entertainment during the 4th quarter valued at $3,733,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Six Flags Entertainment by 15.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,472 shares of the company’s stock valued at $1,296,000 after buying an additional 2,580 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Six Flags Entertainment by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,424,909 shares of the company’s stock valued at $94,855,000 after buying an additional 13,180 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Six Flags Entertainment by 6.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 72,642 shares of the company’s stock valued at $4,836,000 after buying an additional 4,658 shares during the period. 94.57% of the stock is currently owned by hedge funds and other institutional investors.
In other Six Flags Entertainment news, Chairman James Reid-Anderson sold 64,185 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $72.56, for a total value of $4,657,263.60. Following the completion of the sale, the chairman now owns 3,375,768 shares in the company, valued at approximately $244,945,726.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 201,811 shares of company stock valued at $14,401,216 in the last quarter. 6.90% of the stock is currently owned by company insiders.
NYSE:SIX opened at $70.05 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.37 and a debt-to-equity ratio of -2.90. The firm has a market capitalization of $5.93 billion, a PE ratio of 32.89 and a beta of 1.13. Six Flags Entertainment Corp has a one year low of $51.25 and a one year high of $73.38.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Tuesday, April 24th. The company reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.05. The firm had revenue of $128.96 million during the quarter, compared to analyst estimates of $118.75 million. Six Flags Entertainment had a negative return on equity of 31.58% and a net margin of 19.38%. Six Flags Entertainment’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.63) EPS. sell-side analysts expect that Six Flags Entertainment Corp will post 2.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Thursday, May 31st were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $3.12 annualized dividend and a dividend yield of 4.45%. Six Flags Entertainment’s dividend payout ratio (DPR) is 146.48%.
Several equities analysts have recently weighed in on SIX shares. Oppenheimer set a $80.00 price target on Six Flags Entertainment and gave the company a “buy” rating in a report on Tuesday, April 24th. Zacks Investment Research cut Six Flags Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. B. Riley increased their price target on Six Flags Entertainment from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 26th. ValuEngine cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Finally, Macquarie upped their price objective on Six Flags Entertainment from $56.00 to $58.00 and gave the stock an “underperform” rating in a research note on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $69.55.
Six Flags Entertainment 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.
Want to see what other hedge funds are holding SIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Six Flags Entertainment Corp (NYSE:SIX).
Receive News & Ratings for Six Flags Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.